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Background: AT&T said late yesterday it would withdraw its application to take over T-Mobile from the Federal Communications Commission, while continuing to fight the antitrust case from the Justice Dept. in court. It would also take a $4 billion charge against earnings.
The following statement is attributed to Gigi B. Sohn, president and co-founder of Public Knowledge:
"After today's actions, the chances that AT&T will take over T-Mobile are almost gone. While you can never count out AT&T entirely, the fact that they pulled their FCC application speaks volumes about the company's lack of confidence that it could prove in a legal setting at the FCC the claims it spent millions of dollars to make about job creation and rural deployment of broadband, among other issues.