Tag Archives: merger

Justice Department Won’t Tell Lawmakers Why It Opposes AT&T Deal, AT&T Gears Up For Round 2

While AT&T, DT and the Justice Department are all expected in court for a pre-trial scheduling conference today, Reuters is reporting that the Justice Department has decided it doesn’t need to explain its decision to bring a lawsuit forward to stop the AT&T/T-Mobile deal. In a letter sent Monday to House Energy and Commerce Committee Chairman Fed Upton, the Department of Justice said it could not disclose non-public information while the matter is in active … [read full article]

(Updated) House Republicans Kick and Scream over DOJ suit, Run to Obama

Update: A Bloomberg report indicates that AT&T has given close to close to $963,000 to lawmakers through donations that are supportive of AT&T’s bid for T-Mobile. All but 1 of the 100 lawmakers attached to this Republican letter have received donations.  “AT&T’s congressional support for its takeover of T-Mobile comes at a price,” Gigi Sohn, president of Public Knowledge, a merger opponent, said in an e-mailed statement. Among the cries of “no,” some are still chanting “yes” … [read full article]

AT&T Talking To Rivals About Asset Sales To Save T-Mobile Deal?

An early morning Bloomberg report indicates that AT&T has already begun approaching its smaller rivals including MetroPCS and Leap to sell both spectrum and customers in an attempt to save its T-Mobile deal. Along with its smaller rivals the Bloomberg report also indicates AT&T has reached out to CenturyLink Inc., Dish Network and Sprint to also determine their interest level in possibly acquiring assets in order for AT&T to push their deal through. These talks are … [read full article]

AT&T Files Formal Response To Justice Department Lawsuit

Someone needs to tell me what is in the water over at AT&T headquarters that they believe a T-Mobile isn’t competitive. While T-Mobile is certainly the smallest of the big 4 carriers, calling MetroPCS and Cricket a larger threat than a company multiple times the size of both Metro and Cricket combined is in my eyes, irrational. AT&T filed a formal response to the Department of Justice lawsuit on Friday arguing that competition in the market … [read full article]

Deutsche Telekom, AT&T At Odds Over T-Mobile Deal?

Deutsche Telekom and AT&T are putting up a united front in their attempt to finalize the purchase of T-Mobile USA while there are concerns that internally the companies no longer see eye to eye. According to a Bloomberg report their interests diverge should the deal fail and explains that Deutsche Telekom will end up better off when their hands are free to explore other options. DT saw their stock value fall almost 14% after the Department … [read full article]

AT&T, Department Of Justice Ordered To Come Up With Settlement Plans By September 21st

The presiding judge overseeing the Department of Justice lawsuit has set a date of September 21st to discuss the prospects of a settlement. Furthermore, in an order signed this past Monday, Judge Ellen S. Huvelle has asked the Justice Department, AT&T and Deutsche Telekom to file a joint plan by September 16th on both scheduling and managing the case. Judge Huvelle further ordered that “the parties shall be prepared to discuss the prospects for settlement” at … [read full article]

AT&T May Earn Discount On T-Mobile If Concessions Surpass Certain Value

An article published early (early!) this morning on Bloomberg opens up the possibility that AT&T can “lower the price it pays for T-Mobile USA Inc. if the remedies requested by regulators become too expensive according to three people with direct knowledge of the purchase contract.” In other words, if the regulator’s request are too expensive for AT&T, the company can get a reduced rate on their T-Mobile purchase price. A discount would be available to AT&T if … [read full article]

AT&T Responds To Sprint Lawsuit

As expected AT&T has fired back with some less than flattering words toward Sprint on the news of Sprint attempting to legally block their T-Mobile takeover. An AT&T spokesman said  “This simply demonstrates what we’ve said all along – Sprint is more interested in protecting itself than it is in promoting competition that benefits consumers. We of course will vigorously contest this matter in court as AT&T’s merger with T-Mobile USA will: help solve our nation’s … [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 it.” AT&T had hoped … [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 the sources said, requesting … [read full article]