Nine states subpoena Sprint over opposition to AT&T’s T-Mobile acquisition

By on July 12, 2011 at 10:40 AM.

Nine states subpoena Sprint over opposition to AT&T’s T-Mobile acquisition

Sprint has received subpoenas from Arizona, Florida, Hawaii, Illinois, Minnesota, New York, Pennsylvania, Texas and Washington regarding its opposition of AT&T’s planned $39 billion T-Mobile USA acquisition, Reuters reported on Tuesday. The U.S. Department of Justice’s antitrust division also issued a subpoena. Sprint has been a staunch opponent of the deal and its CEO Dan Hesse has said the acquisition will “stifle innovation” in the U.S. wireless market. He also said that “clearly, purely, [Sprint wants] to win and block the merger,” when it was revealed that Hesse was working with 18 state regulators to block the acquisition. The deal is getting an in-depth investigation from both the Department of Justice and the Federal Communications Commission. On June 22nd, AT&T’s General Counsel Wayne Watts said that the acquisition was on schedule for approval in March of next year. An AT&T spokesperson told Reuters that AT&T also received the same nine subpoenas. More →

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AT&T: T-Mobile acquisition on schedule for March 2012 approval

By on June 22, 2011 at 4:15 PM.

AT&T: T-Mobile acquisition on schedule for March 2012 approval

Speaking to reporters recently, AT&T’s General Counsel Wayne Watts said that AT&T’s planned $39 billion acquisition of T-Mobile is still on schedule for approval in March of next year. “The number one question I get from investors is can we get [the deal] done,” Watt explained.  “I think we can.” Sprint, one of the deal’s most outspoken opponents, has argued that AT&T does not need to purchase T-Mobile in order to increase its network capacity, and that the deal would “stifle innovation” in the U.S. wireless market. T-Mobile’s senior vice president of government affairs, Tom Sugure, responded to Sprint and other opponents on Tuesday, noting that each has “failed to offer any credible arguments to support their view that the Commission should deny the transaction.” More →

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