AT&T May Offer to Sell 25% of T-Mobile to Push Deal Through
Sep 2, 2011, 7:18 AM by Eric M. Zeman
According to sources cited by Reuters, AT&T is preparing a two-stage plan in order to convince the government to allow its proposed acquisition of T-Mobile to proceed. First, AT&T is prepared to make guarantees that it won't raise the prices of T-Mobile's current voice/data services. One of the government's fears is that the acquisition would lead to more expensive services. Second, AT&T is said to be considering an asset sale of up to 25% of T-Mobile's spectrum and customer base. One of the major concerns voiced by the Justice Department is that the acquisition would lead to less market competition. It recently revealed that AT&T would control more than 50% of 17 different markets across the U.S. if the acquisition goes through. It's not clear who AT&T might sell such a large portion of T-Mobile's business to, as Verizon Wireless and Sprint would likely be ineligible for the same antitrust reasons. Regional carriers might not have the financial means to buy the assets. AT&T has vowed to fight the government's lawsuit.
more info at Reuters »
more info at PCMag »
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Comments
| Subject | Author | Date |
| Deception | tova |
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| Too much government | marufio |
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| I could dream- i wireless | djdanska |
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| Wait a minute. | ELawson87 |
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| Deal or No Deal | Vmac39 |
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| Dog fight | island4prez |
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| This is news because...? | GeeksAreBest |
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| Sloppy Seconds. | Slammer |
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