Skip to content
Subscriber Only

AT&T to Record $4 Billion Costs on T-Mobile USA Deal Risks

AT&T Inc., 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 U.S. Federal Communications Commission to focus on winning clearance from the Justice Department, the companies said in separate statements today. The pretax accounting costs reflect the potential breakup fees due to Deutsche Telekom, Dallas-based AT&T said.