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-- NC is out of their bid folksy mobile USA citing too much regulation pressure up.
Will the failure of this deal have public companies thinking twice about MNA action while -- Elizabeth -- -- in the newsroom with the story in this.
I guess this was no big surprise but why did AT&T wait until now to pull out of this deal.
Well Israeli AT&T -- -- Telecom they essentially Deutsche Telekom is saying that.
They had no choice because US government regulators were saying look you're going to emerge never to a number four.
Carriers that that's basically going to give 75% of the market to an AT team of T-Mobile deal along with Verizon.
And that was just untenable for.
I US regulators are worried that consumer prices were going to go up but -- -- Telecom is essentially saying.
Look this deal was not properly vetted by the US government.
That it would have created faster broadband it would have pushed us down the -- further to getting a high speed.
Possibly four G network to deal with increasing Internet and mobile phone traffic in the United States Deutsche Telekom is saying look we don't wanna be in the US market they -- -- You know the company T-Mobile to possibly leap wireless so that's it that's a lay of the land right now Deutsche -- not happy.
But the US government basically squashing the steel which would have been the biggest of the year actually.
Thought I guess the bigger question is what does this mean for other deals and -- and -- will in fact have a chilling effect next year do you think.
Well that's a fierce certainly when you talk to and officials for example American Bar Association -- deal with the antitrust department acted Justice Department.
And also the FTC they have seen an increase in the number of reviews by the government up 24%.
Says since 2009.
When mergers and acquisitions really bottomed out so on the table we still have Temple-Inland which is that big deal with International Paper.
And also the big one to watch is Express Scripts with Medco.
They may need to divest an eighteen did actually -- that will that that's -- the wedding thing.
That you want to get this deal going but still they may not a wall of resistance in the US government which -- they're saying that her consumers.
Because they felt that they could offer cheaper fees on Internet access and mobile.
Phones very good Liz MacDonald Omnia while the outlook for M and -- action next year thank you very much --
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