FCC accepts AT&T's request for withdrawal, plans to release report on its findings today

In a conference call to press this afternoon, the FCC announced that it will grant AT&T's request to formally withdraw its application to acquire T-Mobile US. In addition, the agency will also release a 109-page report today that discusses what it found over nine months of reviewing the merger. In short, the FCC found that the cons of the deal outweighed the pros, and AT&T is likely to build out its LTE network regardless of what happens with the carrier's buyout of T-Mobile. The report determined that the merger would create too many network inefficiencies and job losses, and whatever cost savings that would be generated by the deal wouldn't be passed on to the customer.

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