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AT&T and T-Mobile have been playing chicken with the opposition regarding their wireless merger for sometime, so yesterday's move to pull their application from FCC review is simply both a negotiation tactic and a way to prevent potential shareholder litigation. Clearly the AT&T lawyers and accountants had a strong say in this.
In the old days, one would have thought that AT&T was trying to curtail comment by having the news come out the day before a four day weekend for many. But in this era of instant Internet led journalism, with a story this big, none of that matters. As I wrote yesterday, you can expect there to be various manuevers over the next series of months to make the deal happen surrounding