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The FCC is allowing AT&T to withdraw its proposed $39-billion takeover of T-Mobile USA from their approval process. It also issued a report concluding that the merger would have resulted in huge job losses and less competition in the wireless market.
According to reports, AT&T has now fully withdrawn its request to the Federal Communications Commission (FCC) to acquire T-Mobile USA for $39 billion.
AT&T said Sunday it has agreed to purchase T-Mobile USA in a $39 billion acquisition â€“ a move that surprised the industry and is sure to be scrutinized by federal regulators.
Divestitures in Eight Cellular Marketing Areas Will Preserve Competition for Mobile Wireless Customers in Louisiana and Mississippi WASHINGTON, Oct. 13 /PRNewswire-USNewswire/ -- The Department of Justice announced today that it will require AT&T Inc.
A leading figure in the break-up of U.S. phone giant AT&T, Vernon Orville Wright, has died of kidney failure at age 87, a source said.
Class-action lawsuits alleging that AT&T engaged in a price-fixing conspiracy with other long-distance carriers will go forward after a federal judge refused to throw out the plaintiffs' antitrust claims.
By Jim DeBrosse Staff Writer AT&T's entry this week as a major competitor for Time Warner is just the beginning of the growing telecommunication choices for consumers in Ohio and the Dayton area.
WASHINGTON (Reuters) - A U.S. judge on Wednesday said he had doubts about government settlements reached last year that permitted SBC Communications to buy AT&T, and Verizon Communications to acquire MCI Inc. to proceed. U.S.
By Jessica Hall and Jeremy Pelofsky PHILADELPHIA/WASHINGTON (Reuters) - AT&T Inc. said on Sunday it would buy BellSouth Corp. for $67 billion to expand its reach into the southeastern United States and acquire the rest of Cingular Wireless it does not already own.
- Withering but not falling off, as a blossom that persists on a twig after flowering.