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There's bad news this morning for anyone planning to check their email on a flight. Telecom giant AT&T Inc. (NYSE: T) announced it will scrap its project to launch high-speed internet on airplanes as the company aims to expand its international presence. The firm is also preparing for its merger with DIRECTV (Nasdaq: DTV). On Friday, the company announced the $1.7 billion acquisition of Mexican telecom operator Iusacell, a signal of the firm's goal of building its international portfolio.