Tag Archives: takeover

AT&T To Acquire Leap Wireless For $1.19 Billion Dollars

In a slightly shocking move, AT&T announced it has agreed to acquire Leap Wireless for $1.19 billion in cash. The deal, which works out to $15 per share for Leap shareholders is a 88% premium on the Leap closing price this afternoon. AT&T announced the deal includes Leap’s licenses, network assets, retail stores and around five million subscribers. Leap has long been tossed around as a possible acquisition target for T-Mobile[read full article]

Report: T-Mobile Is The Target Of A Trujillo Private Equity Buyout

Oh here we go again as former telecommunications executive Sol Trujillo is said to be working on finding private-equity firms interesting in financing a buyout of part or all of T-Mobile USA. Trujillo, the former head of phone companies U.S. West Communications, Orange SA  and Australia’s Telstra Corp has approached at least two private-equity firms: KKR & Co and Blackstone Group LP about bidding for all or part of the nation’s fourth largest carrier. … [read full article]

Today Marks The One Year Anniversary Of The Proposed AT&T/T-Mobile Takeover Announcement

That’s right, today marks one year from the completely unexpected announcement that AT&T was attempting to purchase T-Mobile USA from Deutsche Telekom. The story would come to dominate our attention for the better half of 2011 as it became one of the most hotly contested merger/takeover/acquisitions in recent memory. Everyone from Congress, to the FCC and Department of Justice all the way through to hundreds of consumer organizations across the country got involved … [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]

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]

AT&T, C Spire And Sprint Spar Again In Court

In a one-two story regarding the AT&T/T-Mobile takeover today, the first big happening was the Judge in the AT&T, Department of Justice lawsuit ruling that both Sprint and C Spire Wireless can continue to pursue their antitrust lawsuit against AT&T’s proposed takeover of T-Mobile. AT&T and T-Mobile had hoped to see the lawsuit dismissed but U.S. District Judge Ellen Huvelle agreed to allow both companies to pursue their injury claims regarding … [read full article]

MetroPCS Looking To Pick Up Divested AT&T Assets From T-Mobile Deal?

There goes the neighborhood as MetroPCS is now the rumored frontrunner to absorb wireless spectrum, assets and subscribers from AT&T and T-Mobile as the two companies work to complete their acquisition. Though the size of any deal is far from definitive, it’s likely to include subscribers and spectrum and be valued at less than $4 billion. AT&T has already approached both Leap Wireless and Dish Network but MetroPCS, with more than $2 … [read full article]

AT&T Responds To FCC Concerns Over Jobs, Says “Thousands Will Be Created”

Following Thursday’s letter to AT&T from the FCC asking AT&T for more information regarding the creation of jobs in the United States following a T-Mobile takeover, AT&T has responded in kind. AT&T replied and stated that it “is aware that the Commission has requested addition information about the job related effects of the transaction,” and that AT&T “…intends to respond fully to that request.” AT&T has long said one of the … [read full article]

FCC Asks AT&T How T-Mobile Deal Will Add More Jobs

The Federal Communications Commission has formally requested, via letter that AT&T supply the FCC with more information regarding it’s proposed takeover of T-Mobile. Specifically, the FCC wants to see all the data AT&T has over the last 5 years regarding its workforce and job creation. The FCC has informed AT&T that previously requested information and responses sent by AT&T were incomplete causing the FCC to once again request official data. The FCC … [read full article]