Tag Archives: Department of Justice

With The AT&T Deal On The Rocks, Where Does T-Mobile Go From Here?

While we’re excited by the news that AT&T’s proposed acquisition of T-Mobile looks all but dead, I’m fearful that T-Mobile’s darkest days may still be ahead. While analysts, press, bloggers and the like all predict this deal will now just drag on until AT&T decides to finally throw in the towel, T-Mobile has to suffer the consequences of such actions. Given the news that AT&T is prepared to offer even more concessions[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]

FCC To Hold Administrative Hearing For AT&T, T-Mobile Article

Chalk up yet another roadblock for the AT&T takeover of T-Mobile as FCC Chairman Julius Genachowski announces an Administrative hearing regarding the proposed takeover. The move is seen as another setback for the two companies already facing opposition from the Justice Department in the form of antitrust lawsuit resulting in a February 13th trial date. The FCC hearing would occur at the conclusion of the antitrust trial between AT&T and the Department … [read full article]

Analysts Turn Sour on AT&T, T-Mobile Deal Prospects

According to a report by the Financial Times, a large number of “analysts” now rate the chances for an AT&T, T-Mobile deal at less than 50%. Some analysts are even going so far as to rate the deal as only having a 20% chance of success for government approval. Bankers are noting that in order for the deal to win approval, AT&T will have to sell significant spectrum, possibly to MetroPCS as rumored … [read full article]

T-Mobile Setting Aside Millions Of Dollars To Keep “Top Employees”

While T-Mobile and AT&T continue efforts to seal their relationship, T-Mobile USA is setting aside cash in order to keep top employees on board should the deal go through. According to a Wall Street Journal report, T-Mobile has set aside $64 million dollars during the last two quarters, which earnings reports have listed as costs involving “primarily consisting of employee-relating expenses.” A Deutsche Telekom spokesman said that the company is taking “precautionary action … [read full article]

United States Attorney General Says They Are Ready To Meet AT&T In Court To Block T-Mobile Deal

The Department of Justice antitrust division is ready to meet AT&T head-on in court to stop it’s proposed takeover of T-Mobile USA according to United States Attorney General Eric Holder. Sitting before the Senate Judiciary Committee on Tuesday, AG Holder (who has recused himself from the matter) said: “The Justice Department does not file matters in court, does not file suits challenging proposed mergers unless we are prepared to follow them … [read full article]

Revisiting The Communication Workers Of America Claim Of 100,000 New Jobs From T-Mobile, AT&T Deal

Earlier today we ran a story regarding the Communication Workers of America union claim that the AT&T, T-Mobile “merger” would create 100,000 jobs. Now we’re compelled to revisit that story thanks to Karl Bode from DSLReports who pretty much turned the words of the CWA upside down and inside out. Most of us recognize that the CWA has an ulterior motive as they see the potential for thousands and thousands of … [read full article]

CWA Union Says 100,000 New Jobs Will Be Created By AT&T, T-Mobile Deal

According to a Communication Workers of American Union analysis, the merger between AT&T and T-Mobile will create more than 100,000 jobs in the United States. The CWA analysis was able to conclude that 96,000 additional jobs would be created along with the 5,000 outsourced customer service jobs AT&T has promised to bring back stateside. The CWA went a step further by scolding opponents of the deal and stating that their concerns … [read full article]

AT&T Extends Timeframe To Close T-Mobile Deal Till Middle Of 2012

AT&T has decided the timeframe to close the T-Mobile deal will take a bit longer to close than originally expected as it continues an antitrust fight. AT&T announced the deal back on March 20th of this year and hoped to complete the deal in 12 months time. Given that the deal is still under review by the FCC and with a trial date set for February 13th in the Department of … [read full article]