Deals
AT&T May Lose $3 Billion Bet on Washington in T-Mobile Deal
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AT&T Inc. would lose a more than $3 billion bet, one of the biggest such wagers ever, if regulators block the phone company’s purchase of Deutsche Telekom AG’s T-Mobile USA.
The U.S. Justice Department today sued to quash the $39 billion takeover, the largest announced this year. AT&T, which plans to fight the suit, agreed to pay Deutsche Telekom $3 billion in cash within three business days if the deal collapses, according to a regulatory filing. The agreement also requires AT&T to give up wireless spectrum.