AT&T Officially Ends T-Mobile Merger

Written by John Ponio    Monday, 19 December 2011 17:45

AT&T Logo

It's been a long road getting here, but AT&T has officially ended their attempt to buy T-Mobile and join the two networks. Randall Stephenson, AT&T chairman and CEO, said, "AT&T will continue to be aggressive in leading the mobile Internet revolution. Over the past four years we have invested more in our networks than any other U.S. company. As a result, today we deliver best-in-class mobile broadband speeds – connecting smartphones, tablets and emerging devices at a record pace – and we are well under way with our nationwide 4G LTE deployment." Because of all of the work that went into the merger plans, AT&T will pay an accounting pretax bill of $4 billion to Deutsche Telekom (T-Mobile's parent company) for Q4 2011. AT&T and T-Mobile will enter a "mutually beneficial roaming agreement," as well. You can read the full press release here.