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AT&T Abandons T-Mobile Merger Plans amid Intense Scrutiny

HeadlineDec 20, 2011

In business news, AT&T has abandoned its attempt to merge with T-Mobile after the $39 billion deal came under intense scrutiny from federal regulators and public interest groups. The deal would have left the country with two cell phone companies, AT&T and Verizon, with almost three-quarters of the market between them.

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