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 … [read full article]
While we await Deutsche Telekom and T-Mobile USA’s second quarter numbers set to be released sometime tomorrow an article coming out of Bloomberg shows analyst concern that T-Mobile USA is being left behind by their parent company. T-Mobile USA is expected to see a net contract customer loss of close to 350,000 customers from last quarter according to UniCredit SpA analyst Thomas … [read full article]
I told you this was one of the most interesting aspects of this merger saga, and it just got more interesting. After posting the Fight The Merger post, AT&T contacted us with this statement: “The claims made by the Bursor & Fisher Law Firm are completely without merit. An arbitrator has no authority to … [read full article]
This has to be one of the most interesting developments in this merger case, if you ask me at least. 11 AT&T customers have gone to the New York-based law firm of Bursor & Fisher to help file an arbitration demand against AT&T, proposing that the merger will be in violation of the Clayton Antitrust Act. … [read full article]
It seems like there has been a bit more resistance against this merger lately, but some analysts don’t think that will stop it from going through. Doubt is starting to set in as Senator Kohl spoke against the merger and the FCC halted the r[read full article]
Okay, Okay, so it’s not an actual shot clock, but the FCC has stopped it anyways. The backstory is that the FCC normally gives 180 days to complete merger reviews, and they just stopped the T-Mobile and AT&T one at 83 days. Stopping it isn’t a big deal, it has been done before, but the reason is very … [read full article]
In short, AT&T had an earnings report today and had a few statements regarding the process of the merger. Wayne Watts, of AT&T, told those listening in that they are still confident that the merger will be approved by the FCC and DOJ in the first quarter of 2012. Specifically, AT&T “remain[s] confident that [they] can satisfy the FCC and DOJ.” So … [read full article]
Well that was fast. Not long after Senator Kohl spoke against the merger T-Mobile issues an open letter in response. With a shake of their head and wag of their finger, T-Mobile says they are disappointed and disagree with his analysis. Here is the entire response: “We are disappointed to learn of the position taken by Sen. Kohl … [read full article]
This saga just won’t end, and frankly I’m kind of sick of it. Anyways, Verizon’s COO Lowell McAdam came out saying that he believes the merger will go through, mostly because “AT&T needs the spectrum and is motivated enough to [acquire T-Mobile], and will agree with what the government will want.” So essentially, he thinks that it will go … [read full article]
Senator Herb Kohl, Chairman of the US Senate Antitrust Subcommittee has written the FCC urging them to block the proposed AT&T buyout of T-Mobile stating that the buyout “would likely cause substantial harm to competition and consumers would be contrary to antitrust law and not in the public interest, and therefore should be blocked … [read full article]
