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]
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]
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]
Former FCC Chairman Reed Hundt has voiced an opinion on the Department of Justice decision to sue AT&T in order to block their takeover of AT&T and T-Mobile fans are going to like what he has to say. “AT&T is certain to lose” Hundt said to SNL expressing that the acquisition was … [read full article]
With the Department of Justice lawsuit setting AT&T back on their plan to quickly finalize their $39 billion dollar proposed takeover of T-Mobile, they are preparing a “two-track” plan to save the deal. AT&T hopes that any such two-track plan will allow them to find a settlement that will stop the lawsuit … [read full article]
Yesterday’s sudden and somewhat shocking revelation that the Department of Justice was suing to block the AT&T/T-Mobile merger caught the world by storm. Now that the dust (and shock) of the news has settled, the question now being asked is…what is next for Deutsche Telekom and specifically their USA brand? An early … [read full article]
