Search Results for: at&t t-mobile acquisition

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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Verizon backs AT&T in T-Mobile merger

Verizon backs AT&T in T-Mobile merger

Verizon CEO Lowell McAdam has spoken out in favor of the AT&T/T-Mobile merger, describing the deal as "kind of like gravity" and arguing that, if it blocks it, the US government will need to be more active in its spectrum plans. Speaking at an investor conference this week, McAdam claimed "that match had to occur" MarketWatch reports, and warned that the involved parties "need to be very thoughtful on what the impacts would be to the overall industry if this is a way to regulate the industry without actually passing regulation."

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AT&T negotiating secret asset sales to save T-Mobile deal

AT&T negotiating secret asset sales to save T-Mobile deal

AT&T is in talks to sell off chunks of its spectrum and subscriber list, it's reported, as the carrier attempts to reduce potential barriers to its precarious T-Mobile USA acquisition plans. MetroPCS, Sprint, DISH Network, CenturyLink and Leap Wireless have all been approached by AT&T, two sources tell Bloomberg, with the carrier looking to slim down and, in the process, bypass complaints that the acquisition would be bad for competition and consumers.

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AT&T shuts down A-List Unlimited Calling feature

AT&T shuts down A-List Unlimited Calling feature

AT&T has confirmed discontinuing its A-List program after an internal memo was leaked, revealing that the feature would shut down today for new customers. Existing customers get to keep the feature as long as they remain on a qualifying plan. The A-List was launched nearly two years ago to compete against rival offerings such as T-Mobile's myFaves.

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AT&T faces US antitrust complaint over T-Mobile merger

AT&T faces US antitrust complaint over T-Mobile merger

AT&T may be working hard insisting that it's in users' best interest for the T-Mobile acquisition to go ahead, but it's a long way from convincing regulators. The Department of Justice has filed an antitrust complaint in an attempt to block the merger, Bloomberg reports, arguing that it would "substantially lessen competition" in the US wireless market. Meanwhile, the FCC has waded in as well, with chairman Julius Genachowski revealing that the agency also has "serious concerns" about the deal.

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AT&T Sues Law Firms Seeking To Block T-Mobile Deal

AT&T Sues Law Firms Seeking To Block T-Mobile Deal

AT&T is now suing the law firms that have been seeking to block the $39 billion acquisition of T-Mobile. Back in July, New York-based law firm Bursor & Fisher began a "Fight the Merger" campaign in which they encouraged AT&T customers to file arbitration cases against the carrier to challenge the merger. So far, the firm has already filed 26 arbitration demands and over 900 notices of dispute on behalf of AT&T customers.

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