Results for "att t-mobile merger"

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 will likely have to pay billions to T-Mobile parent if purchase deal falls through

AT&T will likely have to pay billions to T-Mobile parent if purchase deal falls through

Earlier this week I mentioned a report that was making the rounds claiming if the T-Mobile purchase by AT&T fell through due to regulatory objections or concessions that proved too costly AT&T might not have to pay the billions in breakup fees. Today T-Mobile parent company Deutsche Telekom is saying that is incorrect. Apparently the breakup fee, or at least part of it will still be due.

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AT&T may not have to pay the $6 billion fee if T-Mobile purchase falls through

AT&T may not have to pay the $6 billion fee if T-Mobile purchase falls through

AT&T is still hoping that the purchase of T-Mobile USA that it wants to make will go through. The US government sued recently to block the merger. However, the deal could still go through if AT&T can come up with a plan that will satisfy regulators that the purchase would not create a monopoly or harm competition in the mobile industry. According to reports talks are being held with regulators, T-Mobile and AT&T. One of the things that AT&T had to be worried about was the breakup fee if the deal didn’t go through of roughly $6 billion it would have to pay Deutsche Telekom, the parent company of T-Mobile.

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AT&T has two-pronged plan to keep T-Mobile merger alive

AT&T has two-pronged plan to keep T-Mobile merger alive

At the start of the merger process, many people though that the merger of AT&T and T-Mobile would be an easy thing. Some of the competitors weren't happy at all at the prospect, specifically a yellow firm that bet big on WiMax. This week the Department of Justice filed a complaint over the deal citing anti-trust concerns and the FCC has some serious misgivings about the merger as well. AT&T isn’t going to let its plans die that easily though.

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T-Mobile USA CEO Sends Out Internal Memo to Keep Spirits High in light of possible AT&T Merger Block

T-Mobile USA CEO Sends Out Internal Memo to Keep Spirits High in light of possible AT&T Merger Block

As you may or may not know, for quite a few weeks now T-Mobile and AT&T have been in dealings leading to what they hope will be a merger between them - what we're seeing this week is that the Department of Justice here in the USA has filed a lawsuit that would block the merger in U.S. District Court. You can read all about the case from the AT&T side in a post from yesterday, then you can head below and see how T-Mobile feels about the situation via an internal e-mail sent by the CEO of the T-Mobile USA group to employees. What you'll find is similar sentiments to the AT&T crew, surprise at the lawsuit, vows to fight back, and a call to build on the positive momentum the T-Mo has reportedly built in the past few months.

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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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AT&T Letter Damages Case For T-Mobile Acquisition

AT&T Letter Damages Case For T-Mobile Acquisition

AT&T has been trying to make its case for the $39 billion T-Mobile acquisition since it was first announced back in March. The carrier has been arguing that the T-Mobile purchase is necessary for it to most cost effectively expand its LTE network coverage to meet the demands of today's immense data needs. However, a partially-redacted document the carrier filed with the FCC was accidentally leaked and contained information that specifically derailed this argument.

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