Results for "at&t t-mobile merger"

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 considers bigger asset sale to save T-Mobile deal

AT&T considers bigger asset sale to save T-Mobile deal

AT&T's bid to purchase T-Mobile for $39 billion has collapsed following reports that the FCC was requesting an administrative hearing regarding the deal. In a pre-emptive move, AT&T withdrew its T-Mobile proposal from the FCC and added the $4 billion breakup charge to its Q4 2011 finances. However, a source from Bloomberg is now claiming that AT&T may be considering one last plea of offering to sell more assets to save the T-Mobile deal.

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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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AT&T delays closing date for T-Mobile acquisition

AT&T delays closing date for T-Mobile acquisition

AT&T's bid to purchase T-Mobile for $39 billion has been facing plenty of regulatory anti-trust scrutiny and now the target closing date for the acquisition has been pushed further back. Originally expected to complete by the first quarter of 2012, the merger is now estimated to complete sometime in the first half of next year, adding another 3 months to the time table.

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AT&T LTE Strategy Questions and Answers

AT&T LTE Strategy Questions and Answers

So you know that AT&T will be upgrading their "4G" network from HSPA+ to LTE, and you ask yourself: isn't that Verizon's 4G? My oh my, public, you've got a lot to learn about what 4G really is. AT&T aims to set you straight with a set of questions and answers, the questions asked by Sascha Segan over at PCMag and the answers come from the big blue globe itself. That's right, the entire company as a single brand answered questions this week, and here we're going to have a look at them. First up: what's the difference between 4G and 4G LTE?

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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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