AT&T (T $27.53 -0.02) announced Thursday that it is withdrawing its merger plan from further consideration by the FCC. Instead, it said it would concentrate first on winning approval from the U.S. Justice Department, which sued to stop the purchase.
And, in case the deal collapses, the company said it's setting aside $4 bln it would owe in breakup fees to T-Mobile's German owner, Deutsche Telekom.






