Deutsche Telekom, AT&T withdraw FCC application

[Sherman A1]

FRANKFURT (Reuters) - Deutsche Telekom and AT&T withdrew their application for approval by the Federal Communications Commission of a planned $39 billion deal for T-Mobile USA to focus on obtaining the green light from the Department of Justice.
At the same time, AT&T said on Thursday it expected to book a pretax $4 billion charge in this quarter for potential break-up fees, should the deal collapse.
"This formal step today is being undertaken by both companies to consolidate their strength and to focus their continuing efforts on obtaining antitrust clearance for the transaction from the Department of Justice," the companies said in a statement.
They added that they are continuing to pursue the sale of T-Mobile USA to AT&T.

http://news.yahoo.com/deutsche-telekom-t-withdraw-fcc-application-085443068.html


Well somewhat good news for now, however it appears that they will continue to pursue the merger

[pinniped]

1. Looks like AT&T will have to recoup the $4 billion dollars from their customers.

Let's see. They eliminated the $5/200 text messages because that wasn't bringing in enough. They created and eliminated the $10/1000 plan because that was too good a deal, I suppose. Now, they have a convenient one price fits all $20/unlimited plan. People don't have to worry about going over their allotted texts anymore. Guess these aholes will now have to bump it up to $25/month.

[Sherman A1]

2. Of course it will come from their customers

what other source of revenue do they really have. In the case of the merger or no merger the customers will get screwed.