MetroPCS CFO says AT&T’s planned T-Mobile buy is likely to fail

MetroPCS chief financial officer J. Braxton Carter recently said AT&T’s planned $39 billion acquisition of T-Mobile USA is likely to fail. Carter’s comments were made during a UBS investor conference in New York City on Tuesday, during which he said the proposed merger is “almost kind of moot at this point given the intense opposition by the government.” MetroPCS was named as one of several U.S. wireless carriers originally interested in purchasing spectrum from AT&T and T-Mobile. AT&T recently pulled its merger application from the FCC to focus on a lawsuit that was levied against the proposed merger by the United States Justice Department. Hours after AT&T withdrew its application, the FCC released a 109-page report suggesting AT&T was not going to win the FCC’s blessing anyway. AT&T’s lawsuit with the DOJ is expected to go to trial in February of next year.

Read