AT&T's highly controversial $39 billion bid to become the biggest carrier in the United States by swallowing T-Mobile is over, eight months after it started.
The AT&T-Mobile merger is cooked, basically. Yesterday's turkey. AT&T's withdrawing the deal's application to the FCC and is looking at throwing Kardashian-sized $4 billion at the breakup fee. But wait! According to the New York Times, AT&T's got a secret, last-ditch plan to save the merger.
Last week, a partly redacted document about the AT&T-Mobile merger was oh-so-briefly posted on the FCC's site by Arnold & Porter LLP, a law firm working on the deal for AT&T. Outlining some of AT&T's confidential LTE plans, it was quickly taken down. Well, here it is.
Lately, anytime the gaping maw of AT&T opens, no matter what it's talking about—puppies! or unlimited data (boring) or financial data—it has to slip in at least a tiny reference to how badly the T-Mobile merger has to happen, or all of our phones are going to explode and the puppies will die and go extinct forever.
If you've still got an unlimited AT&T data plan that you're holding onto for dear life to stream gigs and gigs of Spotify and Netflix and god knows what else, your life is about to suck a lot more.