AT&T agrees to drop bid for T-Mobile

posted by
December 20, 2011
Arizona Republic    
Posted in News, PND News

"AT&T Inc. is hanging up on its $39 billion bid to buy smaller wireless provider T-Mobile USA, nearly four months after the U.S. government raised concerns that the deal would raise prices, reduce innovation and give customers fewer choices. ... No. 3 carrier Sprint Nextel Corp. had feared 'an undeniable duopoly' between the proposed new entity and current leader Verizon Wireless." [editor's note: Sprint complains about a "duopoly?" Hell, the rest of us have to live with one every day! - SAT] (12/20/11)  

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