AT&T-Mobile might not be happening after all
In a sneaky Thanksgiving announcement, AT&T says it’s putting aside $4 Billion to cover the breakup fee owed to T-Mobile in the event the merger doesn’t go through.
The combined entity would be the largest mobile carrier in the country, with 43.3% of the market, compared to Verizon’s 34.3%. Is that so different that the government should be intervening here?
The FCC hasn’t held an administrative hearing since 2002, when the DirecTV/Echostar merger fell apart. This doesn’t look good for AT&T.
(Source: CNN)
