AT&T drops $39B bid to buy T-Mobile; ‘duopoly’ averted

[caption id="attachment_44413" align="alignleft" width="150" caption="The two companies would have controlled almost 80 percent of the cell-phone market had the deal gone through."][/caption]

AT&T Inc. is hanging up on its $39 billion bid to buy smaller wireless provider T-Mobile USA, nearly four months after the U.S. government voiced concerns that it would raise prices, reduce innovation, and give schools and other customers fewer choices.

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