T-Mobile USA

AT&T Agrees to Drop Bid for T-Mobile

AT&T said Monday that it is ending its $39 billion bid to buy T-Mobile USA after facing fierce government objections. The cellphone giant said that the actions of the government to block the deal do not change the challenges of the wireless phone industry, which it says requires more airwaves, known as spectrum, to expand. The deal would have solved that problem for a time, and without it, "customers will be harmed and needed investment will be stifled," AT&T said in a statement.

T-Mobile USA Says High-Speed Technology Faces Obstacles

T-Mobile USA warned that plans to introduce new high-speed mobile technology could go badly wrong for consumers and companies. Verizon Wireless (VZ) is currently working on a high-speed service for the end of this year, Reuters reported. The service will be based on an emerging technology known as Long Term Evolution (LTE). AT&T (T) plans to introduce an LTE service in 2011.