Tuesday, November 29, 2011

FCC to let AT&T pull merger application: report (Reuters)

WASHINGTON (Reuters) ? The Federal Communications Commission planned to approve AT&T Inc's request to withdraw its application for approval of its acquisition of T-Mobile USA, the Wall Street Journal reported on Tuesday.

AT&T and T-Mobile USA owner Deutsche Telekom AG said last week they wanted to withdraw their application with the FCC to focus on defending their $39 billion deal from a lawsuit brought by the U.S. Justice Department.

(Reporting by Jasmin Melvin)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111129/bs_nm/us_att_tmobile_fcc

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