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AT&T stymied in asset sale talks

Monday - 12/19/2011, 6:25am  ET

AT&T may abandon its planned $39 billion acquisition of T-Mobile USA, The Wall Street Journal reported, because talks to sell off some of its assets have yet to reach fruition. AT&T could still try to fight the Justice Department in court, but some alternative to a complete merger seems more likely. That could include AT&T taking a stake in the smaller carrier or doing a joint venture to share network technology.