AT&T Inc accused the U.S. communications regulator of being one-sided and cherry-picking facts when it issued a stinging rebuke of the company's plan to purchase T-Mobile USA from Deutsche Telekom .The scathing Federal Communications Commission staff report, released earlier this week, said AT&T's $39 billion proposal to purchase T-Mobile would lead to higher prices for customers and big job losses."The report cherry-picks facts to support its views, and ignores facts that don't. Where facts were lacking, the report speculates," Jim Cicconi, AT&T's chief lobbyist, said in a statement on Thursday.AT&T has withdrawn its FCC merger request, saying it will focus on fighting a Justice Department lawsuit that seeks to block the deal on antitrust grounds.
AT&T Inc. is a holding company. The Company is a provider of telecommunications services in the United States and worldwide. Shares of T fell by 0.78% or $-0.2248/share to $28.76. In the past year, the shares have traded as low as $27.20 and as high as $31.94. On average, 29276300 shares of T exchange hands on a given day and today's volume is recorded at 14225353.
