Tag Archives: AT&T

AT&T CEO Says Higher Prices For All If T-Mobile Deal Blocked As AT&T Prepares To Face Judge’s Questions Today

As AT&T prepares to face Judge Huvelle at the U.S. District Court today, CEO Randall Stephenson says blocking the deal will result in higher prices for everyone. Without T-Mobile, AT&T says their capacity will be constrained and that “regulators can’t keep up with the changes in the industry.” As the AT&T CEO makes his comments, AT&T will be questioned today by Judge Huvelle, the U.S. District Court judge presiding over the Department … [read full article]

Justice Department Questioning If AT&T, T-Mobile Deal Still Active?

The Justice Department, in a Tuesday telephone conference call questioned whether AT&T’s application to buy T-Mobile was still active. This comes from Richard Levie, a special master overseeing the Department of Justice case against the AT&T, T-mobile deal. “DOJ interprets these comments to mean that the current litigation may, in fact, not present a live case or controversy,” Levie wrote in an order. Levie did say that he believes the Department of … [read full article]

AT&T Promises To Continue Working On T-Mobile Deal, Has Money To Quickly Close Deal

AT&T’s Chief Financial Officer, John Stephens vowed to continue pursuing the T-Mobile deal during comments at the UBS media conference in New York City. “We continue to move forward with our efforts to complete the T-Mobile transaction…and we will continue to pursue the sale.” AT&T says they have $10 billion in cash accumulated for the deal, $20 billion bridge facility and $8 billion in backup. “So we clearly have an ability to … [read full article]

Consumer Reports Survey Lists AT&T As Least Satisfying Wireless Company, T-Mobile Brings Up The Middle

Looking for a reason to continue hoping the AT&T deal doesn’t go through with T-Mobile? Try a Consumer Reports survey that places AT&T dead last in both postpaid and prepaid categories for customer satisfaction. While Consumer Report surveys aren’t always weighed with the utmost of accuracy, the result of the 22 metropolitan areas breakdown didn’t result in any cities giving AT&T the top position for wireless satisfaction. T-Mobile on the other hand took … [read full article]

MetroPCS CFO Doesn’t See An AT&T, T-Mobile Deal Happening Anymore

MetroPCS Communications Chief Financial Officer J. Braxton Carter expressed his belief today that AT&T’s attempt to buy T-Mobile is now very likely to fail. Carter spoke at the UBS AG event In New York and his words were notable as AT&T was once thought to be in talks with MetroPCS to buy some of T-Mobile’s divested spectrum. Carter further stated that attempts to save the deal is “almost kind of moot at … [read full article]

FCC Tells AT&T They Are “Deeply Concerned” Over Today’s Statement

Today has turned into quite the war of words in the aftermath of AT&T’s request to withdraw their T-Mobile purchase application. This morning was quite lively as AT&T posted an angrily worded response to the release of the FCC Staff Report which contradicts a number of the points AT&T has made about their T-Mobile purchase. To say that AT&T was angry, upset and in need of a timeout would be about right. … [read full article]

(Updated With FCC Response) AT&T Issues Strong Rebuttal Statement To FCC Report, Says “Oh No You Didn’t”

Update: The FCC has responded to AT&T’s statement: “The AT&T/T-Mobile merger would result in the single greatest increase in wireless industry consolidation ever proposed. The FCC’s expert staff dispassionately analyzed all of the facts, including the arguments AT&T rehashes today.”  An agency spokesman said the analysis mirrored findings by the Justice Department and several state attorneys general that “the transaction would decrease competition, innovation and investment, and harm consumers. In … [read full article]

FCC Releases Report Blasting AT&T Claims About T-Mobile Deal Benefits

Just as the FCC promised to do earlier in the day when they revealed their decision to allow AT&T and T-Mobile to withdraw their FCC application, they have released their official findings and review of the deal. To say it isn’t positive for AT&T overall would be putting it mildly. For example, a key point from AT&T was about job creation…the FCC review discovers that in 2002 AT&T had 70,000 employees, after … [read full article]

FCC Accepts AT&T’s Request To Withdraw Their Application For T-Mobile Takeover, Will Release Findings Today

In a conference call that just finished, the FCC has announced it will grant AT&T’s request to withdraw its application to acquire T-Mobile. The FCC also announced that it will release its findings today discussing what it uncovered during the course of their review. Some portions of the report will be redacted, however the full report will be sent to the Department of Justice to assist them in their lawsuit against AT&T. … [read full article]