T-Mobile To Merge With Metro PCS; Metro's Q3 is STRONG MetroPCS, the fifth largest cellular network in the U.S., has posted strong third-quarter earnings, along with more than 1 million LTE subscribers on its network. The cellular network today reported third-quarter net profit of $193 million... Read more...
US telecoms giant AT&T has said it will not pursue its $39bn bid to buy T-Mobile USA after running into fierce government objections. AT&T said the actions of the government to block the deal do not change the problems faced by the mobile phone industry. It says it still requires more... Read more...
AT&T Inc. (T), whose $39 billion bid for T-Mobile USA is challenged by the U.S. Justice Department, will record one-time costs of $4 billion this quarter to reflect the risks of a collapse of the deal. AT&T and T-Mobile owner Deutsche Telekom AG withdrew their applications to the... Read more...