AT&T Gives Up on T-Mobile Acquisition
Article Comments 40
Dec 19, 2011, 4:53 PM by Eric M. Zeman
updated Dec 19, 2011, 5:30 PM
AT&T today announced that it will cease attempts to purchase T-Mobile USA from Deutsche Telekom. AT&T faulted the Department of Justice and Federal Communications Commission's moves to prevent the acquisition, saying that the spectrum crisis is still coming and this deal would have helped solve some of the resulting issues. AT&T said that it remains committed to its customers and "will continue to be aggressive in leading the mobile Internet revolution." AT&T charged the government with allowing free markets to work unencumbered by policy and asked it to quickly approve its acquisition of 700MHz spectrum from Qualcomm. AT&T announced in March its intent to acquire T-Mobile USA for $39.5 billion. AT&T said it will recognize a charge of $4 billion ($3 billion in cash, $1 billion in spectrum) for the fourth quarter of the year to cover break-up fees.
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ATT has no right to use the word "agressive"!!!
Has Anyone Else Wondered this?
Do people forget that VZN began as one of the Baby Bells?
What I want to know now is...does anyone know the time frame on when I will be able to openly roam on AT&T's network?
What makes you think that the merger break up agreement will allow T-Mobile subs...
Good news but DT still doesn't want T-Mo
Now they Micro Merger
I called it four weeks ago...
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 AT&T has just put out a press release announcing that AT&T and T-Mobile have withdrawn their nearly 1700 pending license transfer applications with the FCC and that AT&T will book a $4 billion charge this quarter for potential break up fees owed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
wonder how their customers feel seeing their carrier throwing cash around lol
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:
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.
they better stick to their threat
We should all know it was an empty threat
To everyone here who said....