Tag Archives: Department of Justice

(Updated: Sprint And AT&T Respond) Seven States Join Department Of Justice Effort To Block AT&T/T-Mobile Takeover

Update 1: AT&T responds: It is not unusual for state attorneys general to participate in DOJ merger review proceedings or court filings. At the same time, we appreciate that 11 state attorneys general and hundreds of other local, state and federal officials are publicly supportive of our merger. We will continue to seek an expedited hearing on the DOJ’s complaint. On a parallel path, we have been and remain interested in a … [read full article]

Congressional Members Ask President Obama To Settle AT&T/T-Mobile DOJ Lawsuit

Fifteen House of Representative Democrat members led by Rep. Heath Shuler from North Carolina have written a letter to President Obama urging him to settle the Department of Justice lawsuit filed against the AT&T/T-Mobile takeover. “By settling the proposed merger of AT&T and T-Mobile USA, we can put thousands of Americans back to work and promote economic development across the country,” Shuler said. I urge the president to strongly consider the … [read full article]

AT&T Files Formal Response To Justice Department Lawsuit

Someone needs to tell me what is in the water over at AT&T headquarters that they believe a T-Mobile isn’t competitive. While T-Mobile is certainly the smallest of the big 4 carriers, calling MetroPCS and Cricket a larger threat than a company multiple times the size of both Metro and Cricket combined is in my eyes, irrational. AT&T filed a formal response to the Department of Justice lawsuit on Friday arguing that … [read full article]

Deutsche Telekom, AT&T At Odds Over T-Mobile Deal?

Deutsche Telekom and AT&T are putting up a united front in their attempt to finalize the purchase of T-Mobile USA while there are concerns that internally the companies no longer see eye to eye. According to a Bloomberg report their interests diverge should the deal fail and explains that Deutsche Telekom will end up better off when their hands are free to explore other options. DT saw their stock value fall almost 14% … [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]

Deutsche Telekom Says Break-Up Fee Not In Danger If AT&T Deal Fails

Since the announcement of the AT&T/T-Mobile deal the press and mobile industry at large has been under the impression that should the deal fall through, AT&T was on the line for up to $6 billion in cash and spectrum. A Reuters report from yesterday indicated that the break-up fee as it has been dubbed isn’t as certain as the deal itself just being nullified, closed, killed or destroyed by the … [read full article]

(Updated With Deutsche Telekom Statement) AT&T Might Not Be Required To Pay T-Mobile Break-Up Fee After All?

Update: Deutsche Telekom has stated it would consider “carving out some assets” from T-Mobile USA in order to continue the regulatory approval process for a deal with AT&T. Speaking to BusinessWeek Deutsche Telekom spokesman Philipp Kornstaedt says that DT is examining different scenarios and how they would play out in real life. With the report of T-Mobile needing to maintain a certain level of value in order to earn DT a break-up … [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]