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AT&T (T) ends its bid to acquire T-Mobile (DTEGY.PK), taking a $4B Q4 charge for "break-up...

AT&T (T) ends its bid to acquire T-Mobile (DTEGY.PK), taking a $4B Q4 charge for "break-up considerations." The two plan to enter a "mutually beneficial roaming agreement." T shares -0.5% AH, but Sprint (S) - which would have been relegated to a junior league carrier if the deal went through - shoots higher, +8.8%. (PR)
Comments (7)
  • Matthew Davis
    , contributor
    Comments (3681) | Send Message
     
    Now Sprint needs to keep offering up better cell phones besides the iPhone, Android blows, and HTC phones suck also, will we see a NOKIA WP7 soon on Sprint?
    19 Dec 2011, 06:58 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1063) | Send Message
     
    This is a victory for consumers
    19 Dec 2011, 07:56 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3681) | Send Message
     
    S can bring down the 79 everything plan back to 69 now.
    19 Dec 2011, 08:04 PM Reply Like
  • Erik Gholtoghian
    , contributor
    Comments (964) | Send Message
     
    The management at (T) just spent a year looking like idiots and just destroyed $4 billion of shareholder value. They probably gave kickbacks of tens of millions to their friends' companies for so-called legal and consultation fees as well.

     

    All the while, everybody with half a brain knew the deal could never go through.

     

    And the idiots keep buying AT&T stock like sheep.

     

    Sounds like kind of company that could get a bailout in the near term to me.
    19 Dec 2011, 08:10 PM Reply Like
  • FCARONE
    , contributor
    Comments (318) | Send Message
     
    Right on! The only problem is that management still has their jobs and they will receive bonuses for a " job well done". Its a crazy world we live in.
    19 Dec 2011, 11:01 PM Reply Like
  • t07imothy
    , contributor
    Comments (24) | Send Message
     
    What are the odds of At&T buying Clearwire or signing on with them for spectrum?
    20 Dec 2011, 08:24 AM Reply Like
  • Erik Gholtoghian
    , contributor
    Comments (964) | Send Message
     
    Who knows? But for the price of their blunder, (T) could have bought (CLWR) 10 times over, and the deal would have gone through.
    20 Dec 2011, 01:40 PM Reply Like
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