To reflect the break-up considerations due Deutsche Telekom, AT&T will recognize a pretax accounting charge of $4 billion in the 4th quarter of 2011. Additionally, AT&T will enter a mutually beneficial roaming agreement with Deutsche Telekom.
I think I heard all of Bellevue, WA cheering just a moment ago.1
What a huge win for T-Mobile and Deutsche Telekom. I still contend that this is actually not a good thing for consumers in the end. Typically I would argue that not consolidating is better for consumers, but in this case I really think AT&T could have susbstantially improved its network if it had acquired T-Mobile. ↩