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Top 10 News Items 12/19-12/23: AT&T Ends Talks for T-Mobile USA;...

StreetInsider.com News Articles  Fri, 12/23/2011 - 15:34

Here is a recap of the top news items from this week on Wall Street: 1. Shares of AT&T (NYSE: T) rose more than 3 percent this week as the company announced the end of talks with Deutsche Telekom to acquire T-Mobile USA.

The company will record a $4 billion charge in the fourth quarter related to a break-up fee paid to Deutsche Telekom.

In addition to Sprint (NYSE: S) and Dish (Nasdaq: DISH), tower operators were also a winner amid the news. 2.

Shares of Oracle (Nasdaq: ORCL) plunged more than 11 percent on Wednesday after the company reported its first


 

AT&T Abandons T-Mobile Bid

Topix - Business News  Tue, 12/20/2011 - 00:08

Telecommunications giant AT&T Inc. pulled the plug on its proposed $39 billion T-Mobile USA takeover bid Monday after failing to convince federal regulators of antitrust concerns.


 

Justice, AT&T agree to put off anti-trust trial

Topix - Business News  Mon, 12/12/2011 - 16:16

AT&T Inc. and the Justice Department agreed Monday to put off their upcoming antitrust trial over the phone company's proposed acquisition of smaller rival T-Mobile USA while the wireless carriers determine the fate of the deal.


 

AT&T slams FCC report on T-Mobile merger

Topix - Business News  Thu, 12/01/2011 - 12:51

AT&T Inc. blasted the Federal Communications Commission on Thursday for compiling what it called an unfair and biased report on what would happen if AT&T were allowed to buy T-Mobile USA.


 

AT&T May Sell Off T-Mobile Assets to Gain Approval for $39B Merg...

Topix - Business News  Wed, 11/30/2011 - 02:35

Computerworld - AT&T could be negotiating to sell off as much as 40% of T-Mobile USA assets in an effort to to garner Department of Justice approval of its imperiled $39 billion acquisition of the Deutsche Telekom unit.


 

AT&T pulls T-Mobile deal from FCC

Topix - Business News  Fri, 11/25/2011 - 04:25

The end might be near for AT&T Inc.'s proposed $39 billion purchase of T-Mobile USA Inc.


 

AT&T braces for T-Mobile deal collapse

MSNBC.com: Business  Thu, 11/24/2011 - 17:34

AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, reflecting the dwindling chances for the deal seen as job-destroying by powerful political opponents.


 

FCC Chairman Opposes AT&T Takeover of T-Mobile

Topix - Business News  Wed, 11/23/2011 - 09:40

The chairman of the Federal Communications Commission has come out against the merger of cellphone giant AT&T and T-Mobile USA.


 

AT&T Runs Low on Options to Get U.S. Approval for T-Mobile -

Digg - Business & Finance  Wed, 11/23/2011 - 06:43

AT&T Inc. may be running out of options to win regulatory approval for its proposed $39 billion takeover of T-Mobile USA, forcing AT&T to choose whether to drop the bid or endure months of litigation with the U.S. government.


 

DOJ: AT&T - Felt Competitive Pressure from T-Mobile'

Topix - Business News  Sat, 09/03/2011 - 10:35

AT&T told the Federal Communications Commission earlier this year that it didn't consider T-Mobile USA a "close" competitor.