AT&T to Owe T-Mobile $6 Billion if Acquisition Fails
Article Comments 15
May 12, 2011, 5:06 PM by Eric M. Zeman
updated May 12, 2011, 5:30 PM
Citing unnamed sources, Reuters today reported that if AT&T's proposed acquisition of T-Mobile falls through, it will owe T-Mobile a total of $6 billion in cash and assets. The amount would be payable by $3 billion in cash, $2 billion in spectrum, and about $1 billion in new roaming agreements. AT&T had previously disclosed that it would owe T-Mobile $3 billion if the deal collapses, but hadn't put a dollar value on the spectrum and roaming components, which effectively double the amount originally reported. AT&T and T-Mobile made their initial case to U.S. lawmakers on Wednesday. The deal needs to be approved by the Department of Justice and the Federal Communications Commission.
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they originally nixed their roaming agreement with tmobile, they thought they had enoguh coverage and didnt want to continue payin tmobile everytime one of their subs used a tmobile tower.
now they're kicking t...
A monopoly on GSM helps absolutely no one.
Slow News Day, huh?