How AT&T fumbled its $39 billion bid to acquire T-Mobile

http://www.washingtonpost.com/business/economy/how-atandt-lost-its-39-million-bid-to-acquire-t-mobile/2011/12/01/gIQAkTQ6hO_story.html

In 2002, the wireless market had seven major carriers. But because of mergers and acquisitions, by 2010 there were only four. If the Justice Department doesn’t rule out AT&T’s $39 billion purchase of T-Mobile, it would drop to three. And the combined AT&T/T-Mobile would probably move ahead of Verizon in subscribers and retail connections.