Tell Membership

Sign up for the FREE Tell Membership and receive benefits that include the digital edition of Tell Magazine sent straight to your inbox, product giveaways, coupons and much more!

 
 

Deutsche Telekom details what T-Mobile will get from the failed AT&T merger

AT&T and T-Mobile USA announced the end of their proposed merger on Monday. The opposition raised by the United States government, rival carriers and advocacy groups proved too much for the two companies to push through. As a result of the failed deal, AT&T has to give T-Mobile parent company Deutsche Telekom $3 billion in cash and $1 billion in Advanced Wireless Solutions spectrum. AT&T also mentioned a “mutually beneficial” roaming agreement yesterday which we now know will last seven years.

AT&T’s takeover of T-Mobile is dead

And just like that, AT&T’s $39 billion proposal to purchase T-Mobile USA is over. It’s dead. It’s not happening. On Monday, AT&T released a statement admitting the proposal’s defeat. This comes a day after sources for the Wall Street Journal said AT&T’s efforts to sell assets to smaller carriers to save the T-Mobile deal had hit a wall. AT&T now has to give T-Mobile USA’s parent company Deutsche Telekom $4 billion comprised of cash and spectrum.

AT&T’s chances to acquire T-Mobile takes another dark turn

AT&T has not had the best of luck in its journey to acquire T-Mobile USA. The Department of Justice, rival carriers and countless T-Mobile customers don’t approve of the merger. One of the biggest concerns authorities have is the duopoly that will occur between AT&T and Verizon if the merger goes through. AT&T was believed to be shopping around assets to smaller carriers in order to relieve those concerns. Unfortunately for AT&T, its plans to sell off assets may have hit a brick wall.

AT&T will not acquire T-Mobile before February 2012

AT&T found itself facing a very large obstacle when the United States Department of Justice Decided to file an antitrust suit against them to stop the T-Mobile merger. On Wednesday, the DoJ, AT&T and Deutsche Telekom met to nail down a date for a trial date that will determine if the deal should go through. During that meeting, Judge Ellen Huvelle decided on February 13, 2012 as the start date for a non-jury trial.

Verizon weighs in on AT&T, T-Mobile merger

Verizon has remained relatively quiet on the subject of the proposed merger between AT&T and T-Mobile. Unlike other carriers such as Sprint and Cellular South, Verizon doesn’t seem to be for or against the merger. Verizon’s take on this has remained firmly in the middle, but that doesn’t mean the company doesn’t have its opinions regarding the merger at all. Verizon Communications CEO Lowell McAdam shared his thoughts at a Goldman Sachs conference on the merger and its government opposition.

Cellular South throws another lawsuit on AT&T’s plate

In these times, we can be sure of two things – iPhone rumors and AT&T lawsuits. Cellular South, a regional wireless carrier based out of Mississippi, has filed an antitrust lawsuit against AT&T in an effort to block its merger with T-Mobile. Cellular South shares the same vision of a grim AT&T and Verizon-dominated future. It believes the merger will “result in consumers facing higher prices, less innovation, fewer choices and reduced competition.”

AT&T supposedly asking carriers to purchase T-Mobile assets

AT&T will likely not be able to acquire T-Mobile USA as it is now. The U.S. Department of Justice already believes AT&T will be too large if it acquires T-Mobile, and those fears have been voiced by everyone who opposes the deal. AT&T is reportedly prepared to give up around 25 percent of T-Mobile if that’s what it takes to push the merger through. Today, sources speaking to Bloomberg are saying AT&T is already looking for buyers for T-Mobile’s assets.

AT&T gets more merger opposition from state attorneys general

Sprint received some good news today that doubles as bad news for AT&T. Seven state attorneys general from California, Massachusetts, New York, Illinois, Washington and Pennsylvania have come out against the AT&T, T-Mobile merger. The states stand in support of the United States Department of Justice’s lawsuit that hopes to block the merger based on antitrust laws.

House of Representatives members ask President Obama to approve AT&T/ T-mobile merger

AT&T is facing stiff competition in the form of the United States Department of Justice as it tries to get its proposed buyout of T-Mobile USA approved. AT&T, Deutsche Telekom and the Department of Justice are scheduled to meet and discuss the merger on September 21. However, 15 Democrats from the House of Representatives are asking President Obama to step in approve the merger quickly.

Sprint sues AT&T and Deutsche Telekom

Sprint has followed the actions of the United States Department of Justice by filing a lawsuit of its own in the District of Columbia against AT&T and Deutsche Telekom. The suit was filed with the intention of blocking the proposed merger between AT&T and T-Mobile USA.