We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
79,814 News Articles

AT&T kills $39 billion T-Mobile deal

AT&T will pay a $4 billion breakup fee to T-Mobile's parent company

AT&T has scrapped its plans to purchase rival mobile carrier T-Mobile USA in the face of opposition from two U.S. agencies.

AT&T said Monday it has agreed to end its bid to acquire T-Mobile USA from parent company Deutsche Telekom for US$39 billion. AT&T will "continue to invest" in its services, Randall Stephenson, AT&T chairman and CEO, said in a statement.

AT&T will pay a $4 billion breakup fee to Deutche Telekom, with the charge added to the company's fourth quarter financial results. AT&T will also enter into a roaming agreement with the German carrier.

Both the U.S. Federal Communications Commission and the U.S. Department of Justice had opposed the deal.

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's e-mail address is grant_gross@idg.com.


IDG UK Sites

The 30 best TV shows on Netflix UK: Our pick of the best programmes you can watch right now

IDG UK Sites

Nostalgia time: Top 10 best selling mobile phones in history

IDG UK Sites

VFX Emmy: Game of Thrones work garners gong for Rodeo FX

IDG UK Sites

Apple 13-inch MacBook Pro with Retina review (2.6GHz, 128GB, mid-2014)