AT&T Not Finding Buyers for Possible T-Mo Divestitures
AT&T's talks with other telecom companies about acquiring a divested portion of T-Mobile USA's assets, which AT&T hopes could salvage its bid to buy T-Mobile USA, have fallen apart, reports the Wall Street Journal. Citing sources familiar with the situation, the Journal notes that a potential divestiture to Leap Wireless has dried up, as the parties concerned no longer believe that such a deal would benefit AT&T's case with the Department of Justice. AT&T has considered divesting as much as 30 or 40% of T-Mobile USA to competitors, including MetroPCS and private equity firms. The Journal's sources said that AT&T and Deutsche Telekom, T-Mobile USA's parent company, are still considering all options and no final decisions have been made. Some alternatives include acquiring a portion of T-Mobile USA or forming a joint venture with it.