AT&T and T-Mobile parent Deutsche Telekom AG responded Thursday morning by pulling their application for merger.
AT&T has set aside $4 billion for what is now the likelihood that the merger will in fact will be blocked by the FCC and other regulators.
Consumers should rejoice as this is a huge win for customers, who until recently were faced with less competition in the marketplace for mobile communications.
Is the withdrawn application for merger temporary?
The $39 billion deal is sure to come up again.