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via: businessweek.com

Dec. 20 (Bloomberg) — AT&T Inc.’s $39 billion bid to acquire Deutsche Telekom AG’s T-Mobile USA came to an end yesterday in a phone call between the companies’ chief executive officers, according to people familiar with the matter.

“They made an unprecedented move bidding on T-Mobile and appear to have miscalculated the risks and the regulatory opposition,” said Kevin Smithen, an analyst with Macquarie Capital USA Inc.

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