Tag Archives: justice department

MetroPCS, T-Mobile Merger To Be Reviewed By Justice Department, FBI

In a fairly standard move, the US Department of Justice along with the Federal Bureau of Investigation have filed a request with the FCC pertaining to the T-Mobile, MetroPCS merger. Both government entities have asked the FCC to “defer action,” or have asked them to delay their decision in order for both parties to decide if the deal has any “national security, law enforcement, and public safety issues.” They’ve asked the FCC … [read full article]

Justice Department Asks MetroPCS For More Details On T-Mobile USA Merger

MetroPCS made a brief announcement yesterday on their website that the Department of Justice had requested more information “in connection with MetroPCS’ proposed transaction with T-Mobile USA, Inc.” This second request for information will extend the regulatory review period by an extra 30 days, but MetroPCS, T-Mobile USA and Deutsche Telekom all plan to comply with the order and send the requested information. The proposed transaction is subject to MetroPCS shareholder approval, … [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 is … [read full article]

Justice Department Asks Judge To Delay AT&T, T-Mobile Trial

The Justice Department, appearing before Judge Huvelle along with AT&T this morning argued that since AT&T has pulled its merger application from the FCC, the issue is no longer pressing and there is no need to rush to trial. The Justice Department asked the judge to delay the trial to an unspecified date in the future. According to the Wall Street Journal report, Judge Huvelle admonished AT&T for pulling its application from … [read full article]

AT&T CEO Says Higher Prices For All If T-Mobile Deal Blocked As AT&T Prepares To Face Judge’s Questions Today

As AT&T prepares to face Judge Huvelle at the U.S. District Court today, CEO Randall Stephenson says blocking the deal will result in higher prices for everyone. Without T-Mobile, AT&T says their capacity will be constrained and that “regulators can’t keep up with the changes in the industry.” As the AT&T CEO makes his comments, AT&T will be questioned today by Judge Huvelle, the U.S. District Court judge presiding over the Department … [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]

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]

AT&T’s Tactics Just Keep Getting Better And Better, Said To Be In Talks With Leap Wireless To Acquire T-Mobile Assets

The last few days have taught us that AT&T is willing to go to extreme and almost ridiculous lengths to save their T-Mobile deal. Now, a new New York Times story takes the cake by indicating AT&T is working on an “11th-hour plan” to save it’s T-Mobile takeover. Reports have widely circulated the past few days stating that AT&T is planning on offering up almost 40% of T-Mobile in order to … [read full article]