According to the Wall Street Journal (WSJ)’s late Monday report, with AT&T’s proposed $39 billion acquisition of T-Mobile having fallen through, the two companies have recently filed for the US Federal Communications Commission (FCC)’s approval for the transfer of $1 billion in wireless airwaves from AT&T to T-Mobile.

After lobbying intensely for months for its proposed $39billion takeover of its smaller US rival T-Mobile, AT&T announced on Monday that it has decided to scrap the T-Mobile merger deal because it was unsuccessful in overcoming stiff competition from the government.

The scrapping of the deal means that, in accordance with the terms of the March-announced merger, AT&T will pay T-Mobile's parent Deutsche Telekom $4 billion in cash and wireless spectrum access as a break-up charge.