up and coming tech stocks

Investing in Tech Stocks in 2012: New Opportunities Arise from Scrapped AT&T Deal

The end of the AT&T Inc. (NYSE: T) deal with T-Mobile USA isn't just a win for U.S. consumers - it's creating new opportunities for investing in tech stocks in 2012.

Since AT&T Inc. announced Monday it was backing out of the $39 billion deal to avoid a lengthy and costly legal battle, the tech sector has been buzzing with what's next for both companies.

The acquisition of T-Mobile USA, a subsidiary of Germany-based Deutsche Telekom AG (PINK ADR: DTEGY), would have made AT&T the largest U.S. wireless carrier, leapfrogging current No. 1 Verizon Wireless (NYSE: VZ). It would have also thrown a lifeline to the ailing T-Mobile, the fourth-largest U.S. wireless provider behind Verizon, AT&T, and Sprint Nextel Corp. (NYSE: S).

But AT&T couldn't prove to the U.S. Justice Department, which filed an antitrust suit in August, that the deal wouldn't ruin competition by creating an industry duopoly. Ever since AT&T announced the plan in March, U.S. consumers feared future higher rates and fewer plan and phone options.



Click here to continue reading...

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com