Leaked AT&T letter puts damper on potential T-Mobile acquisition
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AT&T has been telling regulators that the deal will lead to job gains and network investment, but the new letter, sent to potential investors, shows that is blatantly untrue.
While the carrier has been telling regulators the acquisition will increase network investment by $8 billion, behind the scenes the company is saying the deal will actually help them reduce investment by $10 billion over the next six years.
T-Mobile said last year it planned to spend $3 billion a year in new infrastructure investments.
Additionally, AT&T has been telling regulators that they need T-Mobile in order to increase LTE network coverage, but the letter seems to prove that is also a lie. The letter states that it would cost just $3.8 b
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When has a merger EVER led to new jobs? The whole point of a merger is to combine into a single entity and weed out redundant jobs.
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acdc1a said:
When has a merger EVER led to new jobs? The whole point of a merger is to combine into a single entity and weed out redundant jobs.
Exactly. This merger is all about holding all the marbles and getting rid of the competition.
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Part of network expenses is buying additional Spectrum. But TMo will help cut down on the expenditures to allow more time and money to be given to building the network and improving legacy networks for efficiency. Also, Cingular's purchase of AT&T was noted as the friendliest in years as they found a position for everyone in the company and offered it to every employee except senior-level mgmt. Only about 4% percent (of 25,000) left the company to pursue other jobs.
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