AT&T Decision to End T-Mobile USA Bid

AT&T (T) shares are falling Tuesday on news that the company has ditched its bid to acquire Deutsche Telekom's T-Mobile USA. AT&T said late yesterday that it agreed with Deutsche Telekom to end the acquisition attempt after a review of its options. The Justice Department and Federal Communications Commission had antitrust worries about the deal, ...

AT&T this afternoon said that ?after a thorough review of options? it has agreed with Deutsche Telekom to end its bid to acquire T-Mobile USA. ?The actions by the Federal Communications Commission and the Department of Justice to block this transaction do not change the realities of the U.S. wireless industry,? the company said in ...