Tag Archives: breakup fee

Sprint Considering Deutsche Telekom Counter-Offer For MetroPCS?

I think we could have predicted a bit of opposition from Sprint on T-Mobile’s proposed merger with MetroPCS, but a counter-offer isn’t what I had in mind. According to the old “people familiar with the matter,” Sprint is looking at the numbers and holding talks with financial advisors to evaluate the possibility of a counter-offer for MetroPCS. The report states that Sprint … [read full article]

Deutsche Telekom Talks Breakup Fee, Silent on “Plan B” For US Branch

In light of the collapse of its failed T-Mobile USA deal with AT&T, Deutsche Telekom isn’t offering any details on howit plans on moving forward with its US branch. However, Chief Executive Rene Obermann did speak to reporters on a conference call discussing the need for more spectrum: “In the long term, we need more spectrum and network capacity. We are working on that. But we will not speculate about any inorganic steps … [read full article]

AT&T To Offer Major Concessions To Salvage T-Mobile Deal?

With reports swirling that AT&T’s bid to purchase T-Mobile for $39 billion has all but collapsed following their request to remove their FCC application, Bloomberg is now reporting that AT&T is considering one last attempt at selling more assets in the hopes of saving the deal. According to Bloomberg’s source, AT&T is considering a divestiture in excess of 40% of T-Mobile’s assets including customers and spectrum. The large divestiture would hope to … [read full article]

AT&T And T-Mobile Pull FCC Application For Deal, AT&T Records $4 Billion Pretax Loss

Late Wednesday night AT&T announced that it will take a $4 billion charge as opposition to its T-Mobile USA purchase grows. The charge will reflect $3 billion in cash and over $1 billion in spectrum AT&T will provide T-Mobile parent Deutsche Telekom if the deal fails to meet regulatory approval. This move comes on top of both companies announcing the withdrawal of their pending applications from the Federal Communication Commission, although both … [read full article]