AT&T has a plan to save the $39 billion T-Mobile acquisition blocked by the U.S. government, reports Reuters quoting sources familiar with the matter.
AT&T’s new plan has two parts: First, it will pledge to keep T-Mobile’s subscription plans and rates at current levels. Second, it will need to sell off up to 25% of T-Mobile’s business, potentially including airwaves and customers.
Some analysts doubt AT&T can pull off the merger. Former antitrust enforcer Bob Doyle told Reuters it would be difficult to find a buyer for parts of T-Mobile’s business in the U.S., as a sale to either Verizon or Sprint would also cause antitrust lawsuits.
Should AT&T fail to reach a settlement, it will need to pay T-Mobile’s owner Deutsche Telekom approximately $6 billion.
In a recent Mashable poll, 66.49% of readers said the U.S. government was right to block the AT&T/T-Mobile merger, 25.53% thought the government should butt out and 7.97% were unsure.
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Posted on Fri, 02 Sep 2011 13:55:25 +0000 at http://feeds.mashable.com/~r/Mashable/~3/y3BDDjQ6yOQ/
Comments: http://mashable.com/2011/09/02/att-t-mobile-deal-2/#comments
AT&T’s new plan has two parts: First, it will pledge to keep T-Mobile’s subscription plans and rates at current levels. Second, it will need to sell off up to 25% of T-Mobile’s business, potentially including airwaves and customers.
Some analysts doubt AT&T can pull off the merger. Former antitrust enforcer Bob Doyle told Reuters it would be difficult to find a buyer for parts of T-Mobile’s business in the U.S., as a sale to either Verizon or Sprint would also cause antitrust lawsuits.
Should AT&T fail to reach a settlement, it will need to pay T-Mobile’s owner Deutsche Telekom approximately $6 billion.
In a recent Mashable poll, 66.49% of readers said the U.S. government was right to block the AT&T/T-Mobile merger, 25.53% thought the government should butt out and 7.97% were unsure.
More About: acquisition, att, merger, monopoly, T-Mobile, takeoverFor more Business & Marketing coverage:Follow Mashable Business & Marketing on TwitterBecome a Fan on FacebookSubscribe to the Business & Marketing channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Fri, 02 Sep 2011 13:55:25 +0000 at http://feeds.mashable.com/~r/Mashable/~3/y3BDDjQ6yOQ/
Comments: http://mashable.com/2011/09/02/att-t-mobile-deal-2/#comments
