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AT&T Missed Danger Signs

Telecom underestimated government's concerns about its bid for T-Mobile.

By Jeff Bliss and Sara Forden, Bloomberg | Updated on December 21, 2011

AT&T Inc., blinded by past success in winning U.S. approval for its mergers and acquisitions, relied too much on lobbying and public relations in its $39 billion bid for T-Mobile USA while underestimating the resolve of the government, according to lawyers, consumer advocates and market analysts.

From the start, the company didn’t detect evolving concern in Washington about consolidation in the wireless telecommunications market, they said.

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