mergers and acquisitons

AT&T pulls out of T-Mobile merger

US carrier AT&T has ended its bid to acquire rival T-Mobile USA, after a nine-month pursuit. The firm announced that it has agreed with T-Mobile’s parent company Deutsche Telekom AG to terminate the bid, which involves paying the company $4bn in break-up fees.

India to relax telecom M&A rules

The Telecom Regulatory Authority of India (TRAI) has submitted new guidelines to the Department of Telecoms (DoT), which, if approved, will relax the rules surrounding mergers and acquisitions (M&A) activity in India’s telecoms market. Under the new proposals, carriers in India will now be allowed a maximum subscriber market share of 60 per cent in each of India’s 22 circles, up from the previous threshold of 35 per cent.