AT&T and T-Mobile pull FCC merger application

Source: Cecilia Kang, The Washington Post

AT&T and T-Mobile on Thursday moved closer to abandoning their proposed $39 billion merger, saying they have withdrawn their application from the Federal Communications Commission. The decision followed an announcement this week by FCC Chairman Julius Genachowski that he was moving to block the deal, setting up a major regulatory hurdle that all but ended the chances for a wireless mega-merger in the near term.

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