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AT&T Gives Up on T-Mobile Acquisition

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I called it four weeks ago...

WiWavelength

Dec 19, 2011, 5:01 PM
The AT&T-T-Mobile merger effectively ended in the wee hours on Thanksgiving morning. The days since have just been denouement. This is what I said that morning:

WiWavelength said:
Well, this is interesting. AT&T has just put out a press release announcing that AT&T and T-Mobile have withdrawn their nearly 1700 pending license transfer applications with the FCC and that AT&T will book a $4 billion charge this quarter for potential break up fees owed to T-Mobile. However, the press release also states that AT&T and T-Mobile will continue to seek anti trust clearance for the merger.

Hmm, the timing of the press release -- 2:30am on Thanksgiving morning -- is odd to say the least. Usually when companies do a weeken
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wrightN

Dec 19, 2011, 5:16 PM
i think its funny how it all went down. didnt at&t say they had the persistance and the "cash" to do it too?

wonder how their customers feel seeing their carrier throwing cash around lol
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Vmac39

Dec 19, 2011, 11:16 PM
I dont think they expected the type of resistance they got from the government. As for waiting money, sure the 4 billion could have been used for something else but, it was part of the deal.
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BigRed75

Dec 19, 2011, 5:45 PM
WiWavelength said:
The AT&T-T-Mobile merger effectively ended in the wee hours on Thanksgiving morning. The days since have just been denouement. This is what I said that morning:

https://www.phonescoop.com/articles/discuss.php?fm=m ... »

AJ


Want a cookie?
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WiWavelength

Dec 19, 2011, 6:07 PM
BigRed75 said:


Want a cookie?


Hey, at least, I offer plenty of astute analysis to Phonescoop readers. What do you do here other than cheerlead for VZW, the other anti competitive behemoth in the industry?

AJ
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BigRed75

Dec 19, 2011, 8:19 PM
WiWavelength said:


Hey, at least, I offer plenty of astute analysis to Phonescoop readers. What do you do here other than cheerlead for VZW, the other anti competitive behemoth in the industry?

AJ



Ok so what you want two cookies now? lol Dude, it's called sarcasm. I was only joking. I do apologize if it was misinterperted though. I just think it was funny how you seem to think you were the only who "called it" lol.

Technology such as the internet has made it possible for those such as yourself to acquire knowledge on certain issues and subject but not necessarily understand. Not saying this applies to you specifically. Just something to think about.
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fatalice

Dec 19, 2011, 5:52 PM
It was doomed from the very beginning when they ran on the premise that merging two companies offering the same products and relatively the same features and functionally would in fact create jobs...why on earth would one merged company staff more to do the job previously done by two separate entities. Thats almost insulting.
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planethulk

Dec 19, 2011, 8:56 PM
Congrats?

I think there was a long line of people who said it would not be allowed by the FCC or the DoJ since the buyout was announced and for the very reasons given.

So um yeah. congrats on getting it right several months later.
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WiWavelength

Dec 19, 2011, 11:33 PM
planethulk said:
Congrats?

I think there was a long line of people who said it would not be allowed by the FCC or the DoJ since the buyout was announced and for the very reasons given.

So um yeah. congrats on getting it right several months later.


I was awake when it came across the wire that AT&T withdrew its FCC license transfer application at 2:30am on Thanksgiving morning. I called the outcome then, said the merger could likely be called off in the coming days. I think you fail to understand what a telling move it was when AT&T dumped its FCC application in the early morning hours at the start of a long holiday weekend. Predictions prior to that were based on speculation, perhaps some consensu...
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