T-Mobile said Wednesday that the FCC had approved AT&T 's transfer of spectrum in 12 of the top 20 markets to T -Mobile as part of its multibillion dollar breakup fee after the FCC and Justice rejected the merger between the two companies. The transfer was a requirement under the merger contract the companies agreed to last year. The provision required that if the companies could not complete their $39 billion merger bid, AT&T would pay T-Mobile $3 billion in cash and $1 billion in ...

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