Search Results for: att t-mobile merger

AT&T blames FCC for T-Mobile job cuts

AT&T blames FCC for T-Mobile job cuts

AT&T has issued a statement blaming the FCC for the T-Mobile job cuts announced yesterday. T-Mobile will be shutting down 7 call centers and laying off 3,300 employees, although it will be creating 1,400 new positions at the remaining call centers. AT&T exec Jim Cicconi believes that the cutback would not have been necessary had the FCC approved the $39 billion merger between AT&T and T-Mobile.

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T-Mobile closing 7 call centers, cutting 1,900 jobs

T-Mobile closing 7 call centers, cutting 1,900 jobs

T-Mobile had somber news for employees today announcing plans to close down 7 of its 24 call centers, eliminating 1,900 jobs nationwide with more job cuts likely to come. The consolidation of its call centers is expected to complete by the end of June and the cost savings is aimed at diverting more funds towards its $4 billion network upgrade to 4G LTE.

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T-Mobile skips 84Mbps upgrade for LTE future

T-Mobile skips 84Mbps upgrade for LTE future

Last week T-Mobile finally announced its plants to upgrade its network to long-term evolution (LTE) speeds, now that the possibility of being acquired by AT&T is off the table for good. The LTE portions of T-Mobile network won't be online until next year at the earliest, but in the meantime the company had planned to upgrade all of its HSPA+ towers to a mind-boggling 84 megabits per second. Alas, that's no longer the case - due to the intense cost and preparations needed for the LTE network, T-Mobile's "4G" HSPA+ network won't get above 42MBps maximum.

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T-Mobile parent company wants it out of the house, may sell towers

T-Mobile parent company wants it out of the house, may sell towers

It's easy to tell from the failed AT&T/T-Mobile merger that AT&T didn't come out well having to pay up billions in money and wireless spectrum after the failed purchase bid. You might think that T-Mobile and its parent company Deutsche Telekom came out pretty good on the deal, but apparently, the breakup fee wasn’t enough to keep T-Mobile living under the DT roof. DT wanted the money AT&T was going to pay for T-Mobile to fix up its European networks.

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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 drops its T-Mobile merger deal

AT&T drops its T-Mobile merger deal

The AT&T and T-Mobile merger deal is officially dead. After months of seeking FCC approval and facing several road blocks, including a lawsuit from the DOJ, AT&T has finally succumbed to defeat and issued a statement today announcing that it is dropping its proposed bid to takeover T-Mobile for $39 billion.

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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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