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AT&T Sizing Up Market Divestitures to Win FCC Approval

Aug 12, 2011, 7:14 AM by Eric M. Zeman

According to sources cited by the Wall Street Journal, AT&T has hired banking firm Bank of America Merrill Lynch to help it begin the process of selecting which markets to divest in order to gain regulatory approval of its planned T-Mobile acquisition. The combined assets of AT&T and T-Mobile will likely give AT&T too much power in certain markets, and AT&T expects the Federal Communications Commission to require divestitures in some of those markets to reduce its power. The Journal suggests that most of the divestitures will come from T-Mobile's assets rather than AT&T's and that AT&T could bring in as much as $8 billion by selling the assets to competitors. "As we said on the day we announced the merger with T-Mobile USA, we anticipate there will be some divestitures, as we have had in past mergers, but any speculation about the amount of divestitures is premature," said an AT&T spokesman. The FCC and Department of Justice are still reviewing the acquisition, which AT&T expects will close during the first quater of 2012.

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VOLVORacr

Aug 14, 2011, 4:30 PM

Will come in handy

When the merger is denied and Ma Bell has to pay T-Deutchcom 5 billion.

Pink Jazz

Aug 14, 2011, 1:40 PM

Albuquerque, NM

I really hope that Albuquerque, NM isn't one of the AT&T divestitures. I understand that AT&T got Alltel's subscribers and spectrum in ABQ after Alltel's acquisition by Verzion, however, as far as I know, T-Mobile still has a larger subscriber base in ABQ than AT&T does, second only to Verizon.

What does anyone think here?

mycool

Aug 13, 2011, 6:48 AM

Umm

Which major players are remaining to scoop this up?

not pickles

Verizon, sprint, USCC, cincinnati bell...

tova

Aug 12, 2011, 9:29 AM

Money talks

ATT is closing in for the kill. They will totally monopolize the GSM market in the USA. This is exactly why the FCC made Ma Bell split up yrs ago and now they are trying to monopolize again. Those who do not know history, etc.

Versed

There are other carriers, because they use CDMA unlike the vast majority of the world, both civilized and un-civilized it is not an issue.

I'm sure divestitures were already put into their plan at the start of this merger.

GeeksAreBest

Right. Because T-Mobile selling to a CDMA carrier isn't creating a monopoly already?

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