May 21, 2012

AT&T to Take $4 Billion Charge to Cover Costs if T-Mobile Deal Fails

AT&T said late on Wednesday night that it will take a $4 billion charge as opposition to its T-Mobile USA purchase mounts. The charge reflects $3 billion in cash and $1 billion worth of spectrum that AT&T will owe T-Mobile parent Deutsche Telekom if the deal fails to garner regulatory approval.

Go here to read the rest:
AT&T to Take $4 Billion Charge to Cover Costs if T-Mobile Deal Fails
[ Ina Fried / AllThingsD » Ina Fried ]