Tag Archives: takeover

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]

Deutsche Telekom Says T-Mobile USA Staff Cuts Not Related To AT&T Talks

With the FCC restarting the clock that continues the approval process for AT&T’s takeover of T-Mobile USA, Deutsche Telekom is defending recent job cuts and insisting the AT&T deal has nothing to do with said job cuts. In the past few months Deutsche Telekom has cut almost 2,600 jobs at T-Mobile USA call centers calling that a natural “fluctuation” in their staff count. “We have not carried out any measures to … [read full article]

Leak Shows Confidential AT&T LTE And T-Mobile Takeover Plans

Last weeks accidentally leaked document posted on the FCC website by the law firm employed by AT&T was taken down as fast as it was put up and unintentionally revealed some of AT&T’s LTE plans including the cost for AT&T to build out from its 80% “this is all we can afford to build” claim to the 97% it wishes to build. What fun would it be if the entire document didn’t … [read full article]

AT&T Sues To Stop Merger-Blocking Arbitration Efforts

AT&T continues its road to world domination by filing eight federal lawsuits aimed at blocking a law firm’s attempt to stop the T-Mobile takeover via arbitration. The lawsuits were filed in response to a Bursor & Fisher law firm signing up over 1,000 customers looking to block the deal using the arbitration clause in the customer contract. AT&T says that the arbitration clause in its contract cannot be used for efforts … [read full article]