Tag Archives: Acquisition

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]

AT&T Responds To Sprint Lawsuit

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 matter in court as AT&T’s merger with T-Mobile USA will: … [read full article]

Former FCC Chairman Says Government Will Prevail, Stop AT&T Takeover

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 clearly anti-competitive. “It’s an extremely easy case. The Department of Justice will win the case in court. No Question about … [read full article]

AT&T Prepares Two-Track Plan Hoping To Save T-Mobile Takeover Deal

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 from reaching court. “AT&T is pretty determined that they can find a solution, and they are pretty confident,” one of … [read full article]

What Happens To T-Mobile If The AT&T Deal Fizzles Out?

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 morning article out of Bloomberg asks this very question and the answer isn’t a simple one. When AT&T agreed to … [read full article]

(Updated With T-Mobile USA Statement To Employees) Deutsche Telekom Responds To Department Of Justice Lawsuit

Not to be outdone by AT&T, Sprint and FCC responses Deutsche Telekom has just released a short statement regarding the Department of Justice announcement earlier this morning. Executive Vice President of Deutsche Telekom Philipp Schindera had this to say: On August 31, 2011, the United States Department of Justice (DOJ) informed Deutsche Telekom that it will file a complaint in the U.S. District Court for the District of Columbia seeking a … [read full article]

(Updated 2x With PDF Of DOJ Lawsuit) AT&T Responds To Department Of Justice Injunction, Sprint Statement Added

Update: The full PDF text of the DOJ lawsuit can be found here. Update 2: Sprint has just released their own statement courtesy of senior vice president of government affairs Vonya B. McCann: The DOJ today delivered a decisive victory for consumers, competition and our country. By filing suit to block AT&T’s proposed takeover of T-Mobile, the DOJ has put consumers’ interests first. Sprint applauds the DOJ … [read full article]

(Updated With FCC Statement, Full Text Of DOJ Statement) Department Of Justice Moving To Block AT&T/T-Mobile Takeover

Updated: Thisismynext received a statement from FCC Chairman Julius Genachowski and it’s not looking good for AT&T: By filing suit today, the Department of Justice has concluded that AT&T’s acquisition of T-Mobile would substantially lessen competition in violation of the antitrust laws. Competition is an essential component of the FCC’s statutory public interest analysis, and although our process is not complete, the record before this agency also raises serious concerns about … [read full article]

AT&T To Add 5,000 Customer Service Jobs Upon Completion Of T-Mobile Deal

AT&T is taking the large step of making some significant promises regarding jobs pending the conclusion of the T-Mobile takeover talks with a pledge to create 5,000 wireless call center jobs in the US. AT&T is pledging to bring these jobs back home away from outsourced countries and bring the jobs back to the United States. AT&T says that these new 5,000 wireless call center jobs will be offer highly competitive wages … [read full article]