The deal for AT&T to acquire T-Mobile from Deutsche Telekom took a swan dive today from the top of Ghost Bar at the Palms Casino and Resort in Las Vegas, NV today. Ok, so the last part of that is false, but the result is the same. The deal is dead.

Not that this came as a surprise. AT&T faced more competition than a Maxim Hometown Hottie applicant. The Justice Department decided to sue, and there were many other lawsuits just waiting in the wings. Naturally, the folks at AT&T didn’t wanna leave the party without some parting shots.

"Adding capacity to meet these needs will require policy makers to do two things. First, in the near term, they should allow free markets to work so that additional spectrum is available to meet the immediate needs of the U.S. wireless industry, including expeditiously approving our acquisition of unusued Qualcomm spectrum currently pending before the FCC. Second, policymakers should enact legislation to meet our nation’s longer-term spectrum needs," said Randall Stephenon, AT&T’s chairman and CEO.

They also released a statement, ""The actions by the Federal Communications Commission and the Department of Justice to block the transaction do not change the realities of the U.S. wireless industry. It is one of the most fiercely competitive industries in the world, with a mounting need for more spectrum that has not diminished and must be addressed immediately." It’d be nice to see a report that says this actually is a challenge that needs to be addressed. Understandably, we can’t deny the wireless industry, but are we in danger of running out of spectrum, or is it a problem that really does need to be addressed immediately?

What’s really cool about this whole sha-bang is that the Government suits didn’t give in to pressure. If I’m correct, AT&T spent some 10′s of millions of dollars to try to push this merger through, and Washington was able to do the right thing. In fact, according to Harold Feld, the legal director of Public Knowledge, "In this age of cynicism, it is important for the American people to see that Washington does not always go to the highest bidder. The Department of Justice and the Federal Communications Commission stood up to tremendous lobbying pressure as AT&T spent tens of millions of dollars trying to push this merger through."

I don’t know all the inner workings, but $4 Billion is a lot of money to have to pony up just for trying to get in bed with someone. Deutsche Telekom just became the most expensive escort in the world, and didn’t even give up the goods.

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