merger

Seven states join DOJ against AT&T, T-Mobile deal

Seven states join DOJ against AT&T, T-Mobile deal

AT&T's bid to purchase T-Mobile for $39 billion is now facing more opposition. The US Department of Justice had filed an antitrust complaint in late August, seeking to block the merger, and now seven states have joined in on the effort. The original parties were set to submit a joint plan today with a settlement hearing scheduled for September 21.

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AT&T, T-Mobile, DOJ hearing set for September 21

AT&T, T-Mobile, DOJ hearing set for September 21

AT&T's bid to purchase T-Mobile for $39 billion has faced a major obstacle with the lawsuit filed against the merger by the US Department of Justice. Federal Judge Ellen S. Huvelle, who will be overseeing the case, has set a timeline for the parties involved to file a joint plan by September 16 and a settlement hearing on September 21.

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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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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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