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22

Official: AT&T Cancels Plans To Purchase T-Mobile, Eats $4 Billion - What Now For T-Mo?

It's official: AT&T-Mobile will not be happening any time soon. AT&T, the US's second-largest wireless carrier and all-around communications mega-corporation, after months of attempting to convince consumers and federal agencies alike that the deal was going to be good for everyone, has given up its plans to purchase T-Mobile, a division of Deutsche Telekom.

As part of the cancellation, AT&T will pay DT a $4 billion accounting fee to get out of its contract, as well as expand roaming agreements with the company (where, when, and for what purpose was not stated).

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1

Department Of Justice Taking A Second Look At Google-Moto Deal, Probably No Cause For Alarm

Over at Google's Public Policy Blog (yes, that really exists) today, Senior VP Dennis Woodside issued a statement that the U.S. Department of Justice was taking a "second look" at certain potential antitrust issues in the Google-Motorola deal. What's it mean?

A $12.5 billion acquisition of a major US company that has been independent for over 30 years is always going to invite scrutiny from Uncle Sam, and let's face it, it's probably not a bad sign that the government is batting a second eye at these kinds of purchases.

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