Fitch warns AT&T's (T) failure to acquire T-Mobile - a failure that looks increasingly...

|By:, SA News Editor

Fitch warns AT&T's (T) failure to acquire T-Mobile - a failure that looks increasingly likely - would increase risks for bondholders, given the massive breakup package it would owe T-Mobile, and the potential for AT&T to respond by making aggressive stock buybacks and spectrum/capex investments. As of Sep. 30, AT&T had over $71.2B in debt on its balance sheet. (earlier)