AT&T dropping bid for T-Mobile

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http://news.yahoo.com/t-agrees-drop-bid-t-mobile-214118672.html

LOS ANGELES (AP) — AT&T Inc. said Monday that it is ending its $39 billion bid to buy T-Mobile USA after facing fierce government objections.

The cellphone giant said that the actions of the U.S. government to block the deal do not change the challenges of the wireless phone industry, which it says requires more airwaves, known as spectrum, to expand.

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