Update 1: AT&T responds: It is not unusual for state attorneys general to participate in DOJ merger review proceedings or court filings. At the same time, we appreciate that 11 state attorneys general and hundreds of other local, state and … [read full article]
Fifteen House of Representative Democrat members led by Rep. Heath Shuler from North Carolina have written a letter to President Obama urging him to settle the Department of Justice lawsuit filed against the AT&T/T-Mobile takeover. “By settling the proposed merger of … [read full article]
Someone needs to tell me what is in the water over at AT&T headquarters that they believe a T-Mobile isn’t competitive. While T-Mobile is certainly the smallest of the big 4 carriers, calling MetroPCS and Cricket a larger threat than a company multiple times the size of both Metro and Cricket combined is in my eyes, irrational. AT&T filed a formal response to the [read full article]
Deutsche Telekom and AT&T are putting up a united front in their attempt to finalize the purchase of T-Mobile USA while there are concerns that internally the companies no longer see eye to eye. According to a Bloomberg report their interests diverge should the deal fail and explains that Deutsche Telekom will end up better off when their hands are free to explore other options. … [read full article]
The presiding judge overseeing the Department of Justice lawsuit has set a date of September 21st to discuss the prospects of a settlement. Furthermore, in an order signed this past Monday, Judge Ellen S. Huvelle has asked the Justice Department, AT&T and Deutsche Telekom … [read full article]
An article published early (early!) this morning on Bloomberg opens up the possibility that AT&T can “lower the price it pays for T-Mobile USA Inc. if the remedies requested by regulators become too expensive according to three people with direct knowledge of the purchase contract.” In other words, if the regulator’s request are too expensive for AT&T, the company can get a … [read full article]
As expected AT&T has fired back with some less than flattering words toward Sprint on the news of Sprint attempting to legally block their T-Mobile takeover. An AT&T spokesman said “This simply demonstrates what we’ve said all along – Sprint is more interested in protecting itself than it is in promoting competition that benefits consumers. We of course will vigorously contest this … [read full article]
In a move that continues to indicate Sprint’s desire to see the end of the AT&T/T-Mobile takeover transaction they have filed suit against AT&T, Deutsche Telekom and T-Mobile USA to block the acquisition. Claiming the deal violates Section 7 of the Clayton Act the lawsuit was filed in the District of Columbia as a related case to the … [read full article]
Since the announcement of the AT&T/T-Mobile deal the press and mobile industry at large has been under the impression that should the deal fall through, AT&T was on the line for up to $6 billion in cash and spectrum. A [read full article]
Update: Deutsche Telekom has stated it would consider “carving out some assets” from T-Mobile USA in order to continue the regulatory approval process for a deal with AT&T. Speaking to BusinessWeek Deutsche Telekom spokesman Philipp Kornstaedt says that … [read full article]
