Tag Archives: Acquisition

Deutsche Telekom Says “Plan B” Available Should AT&T Deal Fall Through

Deutsche Telekom Chief Technology Officer Olivier Baujard speaking at the Broadboand World Forum Conference in Paris Wednesday reiterated his company’s position of faith that the AT&T deal will go through. Deutsche Telekom is already preparing how to spend the influx of cash received from the AT&T deal in order to bolster their German business as well grow in emerging European markets. Taking his talk a step further Baujard said that as any company … [read full article]

AT&T Files Motions To Dimiss Sprint, C Spire Lawsuits, Puerto Rico Backs Department Of Justice

AT&T is up to its old tricks as it has asked a federal judge to throw out the lawsuit Cellular South has filed in order to block the proposed takeover of AT&T. AT&T argues that Cellular South’s concerns are more about blocking competition and pursuing their own interests than acting in good faith for their customers. AT&T is making the very same argument with regards to Sprint’s lawsuit attempting to block … [read full article]

Analysts See AT&T/T-Mobile Network Sharing If Deal Isn’t Approved

We await the outcome of this afternoon court hearing and AT&T’s efforts to do all it can to get an early hearing date to salvage it’s proposed T-Mobile acquisition. However, if the deal falls through, collapses or is outright rejected a Reuters suggest analysts expect that both AT&T and T-Mobile will try and strike a network-sharing arrangement which would work around the regulatory heat that surrounds this deal and give each company … [read full article]

Justice Department Won’t Tell Lawmakers Why It Opposes AT&T Deal, AT&T Gears Up For Round 2

While AT&T, DT and the Justice Department are all expected in court for a pre-trial scheduling conference today, Reuters is reporting that the Justice Department has decided it doesn’t need to explain its decision to bring a lawsuit forward to stop the AT&T/T-Mobile deal. In a letter sent Monday to House Energy and Commerce Committee Chairman Fed Upton, the Department of Justice said it could not disclose non-public information while the … [read full article]

(Updated) House Republicans Kick and Scream over DOJ suit, Run to Obama

Update: A Bloomberg report indicates that AT&T has given close to close to $963,000 to lawmakers through donations that are supportive of AT&T’s bid for T-Mobile. All but 1 of the 100 lawmakers attached to this Republican letter have received donations.  “AT&T’s congressional support for its takeover of T-Mobile comes at a price,” Gigi Sohn, president of Public Knowledge, a merger opponent, said in an e-mailed statement. Among the cries of “no,” some … [read full article]

AT&T Talking To Rivals About Asset Sales To Save T-Mobile Deal?

An early morning Bloomberg report indicates that AT&T has already begun approaching its smaller rivals including MetroPCS and Leap to sell both spectrum and customers in an attempt to save its T-Mobile deal. Along with its smaller rivals the Bloomberg report also indicates AT&T has reached out to CenturyLink Inc., Dish Network and Sprint to also determine their interest level in possibly acquiring assets in order for AT&T to push their deal … [read full article]

AT&T Files Formal Response To Justice Department Lawsuit

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 Department of Justice lawsuit on Friday arguing that … [read full article]

Deutsche Telekom, AT&T At Odds Over T-Mobile Deal?

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. DT saw their stock value fall almost 14% … [read full article]

AT&T, Department Of Justice Ordered To Come Up With Settlement Plans By September 21st

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 to file a joint plan by September 16th on both scheduling and managing the case. Judge Huvelle further ordered that “the parties shall be prepared to discuss the … [read full article]

AT&T May Earn Discount On T-Mobile If Concessions Surpass Certain Value

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 reduced rate on their T-Mobile purchase price. A discount would be … [read full article]