AT&T, DOJ file motion to halt T-Mobile proceedings
AT&T has asked a judge to put on hold the U.S. Department of Justice's lawsuit to block its merger with T-Mobile USA while the two companies decide whether to move forward with the deal.
AT&T has asked a judge to put on hold the U.S. Department of Justice's lawsuit to block its merger with T-Mobile USA while the two companies decide whether to move forward with the deal.
Despite mounting U.S. government opposition, AT&T has so far vowed to continue seeking antitrust clearance for its $39 billion merger with rival wireless carrier T-Mobile USA.
The U.S. Federal Communications Commission has allowed AT&T to withdraw its application to buy the mobile licenses owned by T-Mobile USA, as AT&T had requested, but the agency has also released a staff report that disputes many of the benefits the two mobile carriers claimed the merger would produce.
AT&T could be negotiating to sell off as much as 40% of T-Mobile USA assets in an effort to to garner Department of Justice approval of its imperiled $39 billion acquisition of the Deutsche Telekom unit.
AT&T will continue to seek antitrust clearance for its merger with rival T-Mobile USA, it said Thursday. However, to reflect the break-up fee it will have to pay T-Mobile's owner Deutsche Telekom if the deal does not get regulatory approval, AT&T expects to recognize a US$4 billion [b] accounting charge in the fourth quarter.
Staff at the U.S. Federal Communications Commission have decided that AT&T's proposed acquisition of mobile carrier T-Mobile is contrary to the public interest. So what's next?
AT&T's assertions that its planned acquisition of T-Mobile USA will create up to 96,000 new U.S. jobs are "completely unfounded" and contrary to past evidence of similar mergers, one economist said Tuesday.
Seven state attorneys general have joined a U.S. Department of Justice lawsuit attempting to block AT&T's US$39 billion acquisition of rival mobile carrier T-Mobile USA.
The U.S. Department of Justice would "severely set back growth and competition" in the U.S. mobile telecom market if its efforts to block the acquisition of T-Mobile USA by AT&T are successful, AT&T said in court documents filed Friday.
Several consumer and digital rights groups applauded the U.S. Department of Justice's opposition to AT&T's proposed acquisition of rival mobile carrier T-Mobile USA, with critics of the deal saying it would have hurt consumers.
The U.S. Department of Justice has filed a lawsuit to block AT&T from acquiring mobile competitor T-Mobile USA, with the agency saying the US$39 billion deal would significantly reduce competition, jack up prices and stifle innovation.
Wi-Fi service provider iPass has launched an exchange to help mobile network operators offer Wi-Fi roaming as part of their service.
AT&T's proposed acquisition of rival mobile carrier T-Mobile USA would give customers fewer choices and drive up prices, some U.S. lawmakers said Thursday.
Deutsche Telekom and France Télécom are joining forces to increase their collective buying power, and negotiate better deals on mobile networks and smartphones. The two network operators will pass some of the savings they hope to realize on to their customers, they said Monday.
Google, Facebook and Microsoft are among the heavy hitters of the tech industry that have teamed up to support a new, cloud-focused initiative called Software-Defined Networking (SDN).