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.

Continue Reading...

Google Motorola buy approved by EU

Google Motorola buy approved by EU

Today the folks at Google have been given the official final OK by the European Union to purchase Motorola Mobility. This unconditional regulatory approval will allow Google to purchase the handset maker for a total of $12.5 billion USD, the EU noting though that they would be monitoring the company and rivals' use of Motorola patents to ensure they all comply with their antitrust rules galore. This deal was originally announced this past August and still needs U.S. Justice Department approval before it can be finalized.

Continue Reading...

Google’s Motorola deal expects EU approval next week

Google’s Motorola deal expects EU approval next week

Google's bid to purchase Motorola Mobility for $12.5 billion is set to be approved by the US Department of Justice next week and now insiders claim that the merger will also get the green light in Europe. The European Commission will reportedly approve the deal in "unconditional" form, determining that the acquisition is not anti-competitive.

Continue Reading...

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.

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Judging from all the rumors, it seems like that AT&T is looking at all of its remaining options in light of its withdrawn attempt to acquire T-Mobile USA from parent company Deutsche Telekom AG.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...

1 2 3 4