AT&T Says It Has the Motivation, Cash to Close T-Mobile Deal Fast
AT&T CFO John Stephens today reiterated the company's commitment to acquiring smaller rival T-Mobile USA. "We continue to move forward with our efforts to complete the T-Mobile transaction...and we will continue to pursue the sale," said Stephens at a conference in New York. Stephens said the company has amassed $10 billion in cash reserves, a $20 billion bridge, and an $8 billion backup to help it make the $39.5 billion acquisition price. "So we clearly have an ability to close the deal very quickly and have those resources. That is the plan," said Stephens. AT&T believes it can beat the lawsuit it is facing from the Department of Justice, though Stephens wouldn't share the company's strategy for doing so. After the Justice Department's trial concludes, AT&T will still face lawsuits from Sprint and C Spire Wireless.
Alcatel Announces the Idol 5S with Stereo Speakers
Alcatel today marked the debut of the Idol 5S, the latest in its flagship series. Like its predecessors, the 5S features an aluminum frame, curved glass front and rear surfaces, powerful stereo speakers, and a rear-mounted fingerprint reader.
Moto Z2 Force Drops 'Droid' Branding On Verizon
Motorola announced the Z2 Force today, which replaces both the Z and Z Force from last year. The phone will be sold by most U.S.
Nokia 6 to Be Available from Amazon Next Month
HMD Global, the company that makes Nokia-branded handsets, today said it will sell the Nokia 6 smartphone in the U.S. via Amazon.
Alcatel's Modular A50 Parties with Light Up LED Accessory
Alcatel today followed through on its promise to bring the A5 LED to the U.S., though it has changed the phone's name to simply the Alcatel A50. The phone, first revealed in February, is compatible with a handful of modular accessories, the most significant of which features an LED-covere panel that can blink a few dozen LEDs with color.
Alcatel's A30 Plus Bumps Up the Screen, Processor, Camera and Battery
Alcatel today announced the A30 Plus, an improved version of the A30 we saw earlier this year. This entry-level Android handset includes a 5.5-inch 720p HD screen (up from 5.0 inches) and a 1.5 GHz quad-core MediaTek processor (up from 1.1 GHz) with 2 GB of RAM and 16 GB of storage.
Monopolizing landlines in the past was not enough for them?
They do not need T-Mobile to give them the network spectrum and expansion they so claim.
With what they have, they are more than quite capable. G...
I'm dying to know why Sprint is so opposed to this.
If an AT&T and T-Mobile merger is bad for the customers and will raise prices please explain how this will not BENEFIT Sprint?
That's a lot of money