Sprint responds to AT&T's decision to drop T-Mobile acquisition bid
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AT&T announced today that it will no longer pursue its acquisition of T-Mobile US. The wireless carrier faced an uphill battle after both the Department of Justice and the Federal Communications Commission opposed the deal. Rather than throw more money at a losing cause, AT&T will pay Deutsche Telecom a $4 billion fee and walk away from the deal.
After AT&T announced its decision, Sprint issued a press release that supported this move and praised the government for blocking this deal. »read more
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Filed in: T-MobileAT&TSprint