Tag Archives: Deutsche Telekom

With AT&T Out Of The Picture, Where Does T-Mobile Go Now?

I know there is a celebratory aura going around in the T-Mobile world today and employees especially are breathing sighs of relief. Here at TmoNews we’re definitely glad to see AT&T and their proposed takeover of T-Mobile go down the toilet. Now we turn our attention to the fact that T-Mobile still needs a plan and their options are plentiful, with most of them already well-known having been widely discussed as alternatives while … [read full article]

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 … [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]

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]

Verizon Purchases 122 AWS-1 Licenses From SpectrumCo, Eliminating Potential Deal For T-Mobile With Cable Companies?

Assuming regulators would approve such a deal, Verizon just screwed the prospects of a T-Mobile hookup with a cable company if the AT&T deal does indeed go all the way south. Verizon Wireless has announced that it is purchasing 122 AWS-1 spectrum licenses for $3.6 billion from SpectrumCo covering 259 million POPS in the United States. SpectrumCo is a joint venture between Comcast, Time Warner Cable and Bright House Networks. Comcast owns 63.6% … [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]

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]