AT&T says T-Mobile deal isn’t dead, but sets aside $4B break-up fee.

AT&T has withdrawn its merger application at the FCC but will still seek approval for the deal in a court case with the DOJ.

AT&T will continue to seek antitrust clearance for its merger with rival T-Mobile USA, it said Thursday. However, to reflect the break-up fee it will have to pay T-Mobile’s owner Deutsche Telekom if the deal does not get regulatory approval, AT&T expects to recognize a $4 billion accounting charge in the fourth quarter.

Continue reading