Tag Archives: fcc

Sprint Files Suit To Block AT&T/T-Mobile Transaction

In a move that continues to indicate Sprint’s desire to see the end of the AT&T/T-Mobile takeover transaction they have filed suit against AT&T, Deutsche Telekom and T-Mobile USA to block the acquisition. Claiming the deal violates Section 7 of the Clayton Act the lawsuit was filed in the District of Columbia as a related case to the Department of Justice’s own lawsuit against the proposed deal. “Sprint opposes AT&T’s proposed … [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 … [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]

What Happens To T-Mobile If The AT&T Deal Fizzles Out?

Yesterday’s sudden and somewhat shocking revelation that the Department of Justice was suing to block the AT&T/T-Mobile merger caught the world by storm. Now that the dust (and shock) of the news has settled, the question now being asked is…what is next for Deutsche Telekom and specifically their USA brand? An early morning article out of Bloomberg asks this very question and the answer isn’t a simple one. When AT&T agreed to … [read full article]

(Updated With T-Mobile USA Statement To Employees) Deutsche Telekom Responds To Department Of Justice Lawsuit

Not to be outdone by AT&T, Sprint and FCC responses Deutsche Telekom has just released a short statement regarding the Department of Justice announcement earlier this morning. Executive Vice President of Deutsche Telekom Philipp Schindera had this to say: On August 31, 2011, the United States Department of Justice (DOJ) informed Deutsche Telekom that it will file a complaint in the U.S. District Court for the District of Columbia seeking a … [read full article]

(Updated 2x With PDF Of DOJ Lawsuit) AT&T Responds To Department Of Justice Injunction, Sprint Statement Added

Update: The full PDF text of the DOJ lawsuit can be found here. Update 2: Sprint has just released their own statement courtesy of senior vice president of government affairs Vonya B. McCann: The DOJ today delivered a decisive victory for consumers, competition and our country. By filing suit to block AT&T’s proposed takeover of T-Mobile, the DOJ has put consumers’ interests first. Sprint applauds the DOJ … [read full article]

(Updated With FCC Statement, Full Text Of DOJ Statement) Department Of Justice Moving To Block AT&T/T-Mobile Takeover

Updated: Thisismynext received a statement from FCC Chairman Julius Genachowski and it’s not looking good for AT&T: By filing suit today, the Department of Justice has concluded that AT&T’s acquisition of T-Mobile would substantially lessen competition in violation of the antitrust laws. Competition is an essential component of the FCC’s statutory public interest analysis, and although our process is not complete, the record before this agency also raises serious concerns about … [read full article]

AT&T To Add 5,000 Customer Service Jobs Upon Completion Of T-Mobile Deal

AT&T is taking the large step of making some significant promises regarding jobs pending the conclusion of the T-Mobile takeover talks with a pledge to create 5,000 wireless call center jobs in the US. AT&T is pledging to bring these jobs back home away from outsourced countries and bring the jobs back to the United States. AT&T says that these new 5,000 wireless call center jobs will be offer highly competitive wages … [read full article]