AT&T Faces Penalty If T-Mobile Deal Falls Through
AT&T today outlined terms of its deal with Deutsche Telekom that would kick in if the deal to buy T-Mobile USA falls through, for example if the government nixes the deal or imposes terms unacceptable to AT&T. AT&T would owe T-Mobile $3 billion, plus the transfer of AWS spectrum licenses that are "not critical" to AT&T's initial LTE deployment, were it to go it alone. The company would also be required to accept a roaming deal for areas where AT&T provides coverage but T-Mobile does not, ensuring that T-Mobile's coverage will improve to match AT&T's whether the deal goes through or not.
more info at D »
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I think AT&T entered this agreement on purpose.
T-Mobile is restricted by their spectrum, and most likely funding since DT isn't exactly pouring money into.
I do wish...
hope it fails
Props to T-Mobile
I, now even more than before, hope the government turns down this deal. Not only because my personal opinion is against AT&T, but because if they let it go through they are only going to be perpetuating the kind of policies which is leading to the loss of the middle class and the economic crisis we are facing.
Just wanted to say good job T-Mobile. Way to think ahead!
I, now even more than before, hope the government turns down this deal. Not only because my personal opinion is against AT&T, but because if they let it go
Here is what happened at the negotiations:
att: We want to buy T-Mobile USA