On Thursday, AT&T announced it expects to take a $4 billion pre-tax charge in the fourth quarter to reflect breakup fees associated with the controversial deal, which has run into opposition from the Federal Communications Commission and the Department of Justice.
|AT&T's proposed $39 billion merger with T-Mobile USA looks increasingly unlikely.|
AT&T and T-Mobile's parent company, Deutsche Telekom (DT) also withdrew their applications for FCC approval of the deal earlier this week, focusing, at least for now, on obtaining antitrust clearance from the DoJ.
While the breakup fee suggests that the deal's prospects look bleak, this is hardly the end of the world for AT&T, according to Bernstein Research analyst Craig Moffett"I don't know if this story works out so badly for AT&T," he explained, during an interview with CNBC on Friday. "While
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