AT&T sees merger deal failing

AT&T said yesterday it would take a $4bn (£2.6bn) charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through US regulators who say it would destroy jobs and curb competition. The US telecommunications group and T-Mobile owner Deutsche Telekom said they would continue to pursue anti-trust approval for the $39bn takeover from the US Department of Justice, but withdrew applications to the industry regulator, for now at least.