Search Results for: att t-mobile merger

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."

Continue Reading...

AT&T & T-Mobile mulling joint venture if acquisition deal falls apart

AT&T & T-Mobile mulling joint venture if acquisition deal falls apart

Judging from all the rumors, it seems like that AT&T is looking at all of its remaining options in light of its withdrawn attempt to acquire T-Mobile USA from parent company Deutsche Telekom AG. Wall Street Journal gives us the latest possible scenario, which is the possibility of AT&T and Deutsche Telekom teaming up together for a joint venture should the acquisition deal ultimately fall apart. And this would be apparently be a partnership that would entail the two telecom giants pooling their infrastructure together.

Continue Reading...

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.

Continue Reading...

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.

Continue Reading...

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.

Continue Reading...

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.

Continue Reading...

Verizon backs Samsung in Apple 4G injunction battle

Verizon backs Samsung in Apple 4G injunction battle

Verizon has demanded that US courts reject Apple's request for a preliminary sales injunction against the Samsung Infuse 4G, Galaxy S 4G, Droid Charge and Galaxy Tab 10.1, arguing that doing so would "run counter to the public interest." A ban on device sales, Verizon claims, would hamstring its 4G LTE roll-out plans, costing the carrier not only in wasted advertising and promotions for the holiday period, but potentially undermine "the job growth dependent on that network." Verizon's "amicus curiae brief," a way for a third-party to offer its views to the court, also suggests that by blocking Samsung's products such an injunction would also negatively affect governmental policy pushing for the expansion of US broadband networks.

Continue Reading...

1 2 3 4 5 6 7 8 9