Results for "at&t t-mobile acquisition"

Sprint confirms SoftBank talks of acquisition

Sprint confirms SoftBank talks of acquisition

Earlier today it was rumored that Japanese mobile data carrier SoftBank was in talks with Sprint over a possible acquisition of the US carrier - this news has now been confirmed by Sprint with a very brief comment. The words delivered by Sprint here nearer noon on October 11th include confirmation that they're "engaged in discussions" with the Japanese group and that there are "no assurances that these discussions will result in any transaction." They also let it be known that if a transaction does occur, it very well could include "a change of control of Sprint."

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AT&T: We’re shopping for new spectrum

AT&T: We’re shopping for new spectrum

AT&T may have seen its T-Mobile USA acquisition plans scuppered, but the carrier intends to continue hunting down smaller spectrum grabs as it extends its network. Speaking on the AT&T financial results call, following the reveal of AT&T's Q1 2012 numbers earlier today, president and CEO Ralph de la Vega confirmed that the carrier would follow arch-rival Verizon in collecting up more spectrum.

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AT&T takes top spot in mobile customer service

AT&T takes top spot in mobile customer service

AT&T has managed to beat out all its rivals in the latest mobile phone customer service survey conducted by Vocalabs, despite being ranked worst by Consumer Reports. According to data collected from the firm's survey, which involved telephone interviews immediately following a customer service call during the last three-month period in 2011, AT&T had the highest percentage of customer satisfaction among the four major US wireless carriers.

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T-Mobile USA details “record high break-up fee” from AT&T

T-Mobile USA details “record high break-up fee” from AT&T

T-Mobile USA owner Deutsche Telekom has gleefully set out exactly what it can expect from AT&T as its break-up fee, after the collapse of the acquisition deal this week. AT&T was originally to pay $39bn for T-Mobile USA; now, with regulators frowning on the deal, the carrier will be forced to cough up what Deutsche Telekom describes as a "record high break-up fee" of $3bn in cash and "a large package" of AT&T's AWS spectrum. A long-term US-wide UMTS roaming agreement is also mandatory.

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AT&T asset sale stalls as T-Mobile deal sours

AT&T asset sale stalls as T-Mobile deal sours

AT&T's strategy to sell off assets until regulators looked more fondly at its T-Mobile USA acquisitions have stalled, it's reported, with the carrier simply unable to shed sufficient weight to sway the deal in its favor. Execs at the two carriers had hoped that, by scything off more than 30-percent of T-Mobile USA, the US Justice Department might soften its stance on potential anti-competitiveness concerns about the deal; however, negotiations with Leap Wireless and Dish Network stuttered over the past two weeks, the WSJ reports, amid the growing realization that it still wouldn't be enough to fully convince the agency.

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AT&T, T-Mobile consider deal re-cut, Dish steps in

AT&T, T-Mobile consider deal re-cut, Dish steps in

For months now we've been hearing that AT&T and T-Mobile have been going back and forth with various investigatory boards, the FCC, the Department of Justice, their grandmothers, and today its come to light that AT&T is considering "recutting" its original $39 billion dollar deal for T-Mobile USA in light of U.S. antitrust authorities ever-rising opposition. The antitrust case at hand has been postponed in face of the possible recutting, and both AT&T and the Justice Department have joined in asking the judge to postpone all proceedings in the court until January 18th, 2012 -- that way everyone can take a rest and drink some egg-nog while they mull everything over.

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AT&T blasts FCC T-Mobile report: “obviously one-sided”

AT&T blasts FCC T-Mobile report: “obviously one-sided”

AT&T has lashed back at the FCC over its comments regarding the T-Mobile USA acquisition, calling preliminary analysis "obviously one-sided" and "an advocacy piece, and not a considered analysis." Penned by Jim Cicconi, AT&T's Senior Executive Vice President of External & Legislative Affairs, the rebuke claims the FCC report "cherry-picks facts to support its views, and ignores facts that don't" while "where facts were lacking, the report speculates, with no basis, and then treats its own speculations as if they were fact."

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AT&T and T-Mobile USA flounder as disaster deal crumbles

AT&T and T-Mobile USA flounder as disaster deal crumbles

AT&T and Deutsche Telekom's decision to withdraw their FCC merger application yesterday is a sign that the deal is dead in the water, analysts and industry agrees, with the final question not whether the acquisition goes ahead but how much pain each carrier suffers as it fails. Deutsche Telecom is expected to in effect sink T-Mobile USA rather than commit the investments the carrier needs in order to remain competitive in the US market, though the exact way in which the company would be shuttered is unclear.

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AT&T yanks T-Mobile FCC bid, cops $4bn pre-emptive charges

AT&T yanks T-Mobile FCC bid, cops $4bn pre-emptive charges

AT&T has announced it is withdrawing its application to buy T-Mobile USA from the FCC, adding a $4bn charge to its Q4 2011 finances in anticipation of potential breakup fees, but insists that this isn't the end of its acquisition plans. Instead, the carrier says, it and Deutsche Telekom AG intend to "focus their continuing efforts on obtaining antitrust clearance for the transaction from the Department of Justice" and will re-attempt FCC approval after that has been achieved. Nonetheless, the addition of the hefty penalty charge is an ominous acknowledgement to investors that the deal is on very shaky ground.

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