USA

AT&T drops $39 billion bid to buy T-Mobile USA

Reuters News
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Posted: Dec 19, 2011 4:53 PM
AT&T drops $39 billion bid to buy T-Mobile USA

(Reuters) - AT&T said it had agreed with Deutsche Telekom to drop its $39 billion bid to buy the German company's U.S. wireless unit amid increasing regulatory obstacles to the planned deal.

AT&T said in a statement on Monday that it will enter a roaming agreement with Deutsche Telekom.

(Reporting By Nicola Leske; Editing by Phil Berlowitz)