AT&T Inc has learned its lesson from its ill-fated $39 billion bid for T-Mobile USA .DirecTV, which has agreed to be acquired by AT&T for $48.5 billion, will not ask the wireless operator to pay a reverse break-up fee, or penalty, if regulators reject the proposed combination, according to people familiar with the matter.Meanwhile, DirecTV has agreed to pay a $1.4 billion break-up fee to AT&T, or roughly 3 percent of the deal value, if it ends the deal to accept a higher bid, the people added, asking not to be named because the matter is not public.The companies later confirmed the information on breakup fee.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.6% or $0.22/share to $36.74. In the past year, the shares have traded as low as $31.74 and as high as $37.44. On average, 29083800 shares of T exchange hands on a given day and today's volume is recorded at 24021550.
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