AT&T and T-Mobile

Just a quick note about the news that AT&T ($T) is ditching its plans to buy T-Mobile. I thought this might happen. I like AT&T a lot and I strongly considered adding it to next year’s Buy List, but the T-Mobile issue was too much to bear.

Even without the deal, AT&T will still take a $4 billion charge.

The charge is part of a break-up fee agreement, giving Deutsche Telekom a cash payment of $3 billion, roaming services agreement and a package of mobile licenses for T-Mobile USA.

Ultimately, AT&T made the right decision. I just wish it didn’t cost so much money.

Posted by on December 19th, 2011 at 5:30 pm


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