att and tmobile usa withdraw merger application
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

AT&T and T-Mobile USA withdraw merger application

Arab Today, arab today

Arab Today, arab today AT&T and T-Mobile USA withdraw merger application

Washington - Arabstoday

US telecoms giant AT&T and Deutsche Telekom have cast doubt over the $39bn (£25bn) sale of T-Mobile USA by withdrawing their merger application to the industry regulator.AT&T also said it would include a $4bn charge in its fourth-quarter accounts to cover any potential compensation due if the deal does not go ahead.The US Justice Department moved to block the sale at the end of August.The two firms said they would focus on clearing the deal with the government.AT&T agreed to buy T-Mobile USA from Deutsche Telekom in March, aiming to create the largest US wireless network.However, the government has said the merger would lead to higher prices and restrict choice, and has requested a court order to block it.As a result, the two firms have withdrawn their application with the Federal Communications Commission (FCC).This would allow them to "focus their continuing efforts on obtaining antitrust clearance for the transaction from the Department of Justice", the companies said.They would then focus on seeking approval from the FCC, they added.The deal needs the approval of both the Justice Department and the FCC to go ahead.AT&T's bid to buy T-Mobile would give the US telecoms firm about 43% of the US mobile phone market.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

att and tmobile usa withdraw merger application att and tmobile usa withdraw merger application

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

att and tmobile usa withdraw merger application att and tmobile usa withdraw merger application

 



GMT 19:35 2017 Thursday ,21 September

India win toss, bat against Australia in ODI match

GMT 11:11 2012 Sunday ,30 December

Mai Selim on her divorce

GMT 17:00 2017 Saturday ,25 March

Brazilian president defends meat amid scandal

GMT 05:31 2015 Sunday ,05 April

Williams romps to eighth Miami crown

GMT 02:07 2017 Thursday ,26 October

Dec22/Jan20

GMT 10:40 2013 Sunday ,18 August

Egyptian wrestler killed in Port Said clashes
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday