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ATnT T Mobile Merger Dead

Telecom giant AT&T has given up their contentious 39-billion dollar bid to purchase rival T-Mobile USA. However, industry watchers seem to feel that AT&T was the last to know the deal would fail. The US Department of Justice sued to block the merger, which would have made AT&T the largest mobile phone company in America.

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ATT Merger With TMobile

Telecom giant AT and T has just announced a massive acquisition that will make it the largest cellphone company in America. They’ve made an offer to purchase T-Mobile USA – the country’s 4th largest wireless carrier – for $39 billion. If it goes through, the acquisition will give AT&T 129 million subscribers stateside – serving close to 43-percent of the nation’s cellphones.

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