Tag Archives: AT&T

It’s Over, AT&T Drops Bid To Purchase T-Mobile, Will Pay Break-Up Fee

Here it is TmoNews readers and T-Mobile lovers, the news we’ve all been waiting for, hoping to hear and believing in. AT&T has dropped their bid to buy T-Mobile USA and will pay Deutsche Telekom the $4 billion dollar break-up fee. That’s one hell of a price for a bad first date. Viva la T-Mobile. AT&T will pay a total of $3 billion in cash plus around $1 billion in spectrum and the … [read full article]

AT&T Efforts To Sell T-Mobile Assets Coming Up Short

According to a new Wall Street Journal report, AT&T’s efforts to find a prospective buyer for T-Mobile assets have “gone cold.” Citing sources familiar with the matter, the Journal indicates that a potential divestiture to Leap Wireless has gone cold as the parties concerned no longer believe such a deal would help persuade the government into allowing the deal to continue. The WSJ reports this may in fact be the strongest indicator … [read full article]

(Update: Granted) AT&T, Deutsche Telekom File Motion With Court, Ask For More Time To “Evaluate Options”

Update: Judge Huvelle has granted the stay reports Harold Feld from Public Knowledge. AT&T has just released the following statement with regards to its planned merger with T-Mobile: AT&T and Deutsche Telekom advised Judge Huvelle this morning that they wish to stay any further Court proceedings until January 18, 2012, to allow the two companies time to evaluate all options. The U.S. Department of Justice joined in the filing. AT&T is … [read full article]

Dish Network Looking To Partner With T-Mobile If AT&T Deal Fails

Dish Network, the second largest US satellite-TV provider will look to partner with T-Mobile if the AT&T bid fails, Chief Executive Officer Joseph Clayton said. Dish acquired spectrum earlier this year as part of a deal for bankrupt DBSD North America Inc. and Terrestar Networks and would look to merge those spectrum assets with T-Mobile and create a stronger competitor against AT&T and Verizon. Dish also remains interested in buying assets from … [read full article]

Justice Department Asks Judge To Delay AT&T, T-Mobile Trial

The Justice Department, appearing before Judge Huvelle along with AT&T this morning argued that since AT&T has pulled its merger application from the FCC, the issue is no longer pressing and there is no need to rush to trial. The Justice Department asked the judge to delay the trial to an unspecified date in the future. According to the Wall Street Journal report, Judge Huvelle admonished AT&T for pulling its application from … [read full article]

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]