FCC Piles Paperwork on AT&T Regarding Leap Acquisition
Nov 8, 2013, 6:44 PM by Eric M. Zeman
The Federal Communications Commission today sent requests for information to both AT&T and Leap Wireless regarding AT&T's proposed acquisition of its smaller rival. The FCC is looking for information regarding a wide range of topics, including: company organization charts, internal presentations regarding the acquisition, Leap valuation documentation, short-term and long-range business plans, spectrum utilization and efficiency analysis, service plan comparisons, and much, much more. AT&T and Leap have until November 22 to provide the documentation. AT&T wants to absorb Leap Wireless in the wake of its failed acquisition of T-Mobile. AT&T hopes to make use of Cricket's spectrum assets to bolster its own, as well as use its brand to sell prepaid services.
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