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assets

Kim Dotcom may be able to reclaim his assets thanks to a ‘procedural error’

March 19th, 2012

Megaupload founder Kim Dotcom, who was recently arrested and charged with racketeering, copyright infringement and money laundering, may be able to reclaim his seized assets due to a botched court order, according to a report from the New Zealand Herald. Police raided Dotcom’s home on January 19th and seized, among other valuable assets, his cash, cars and …

MetroPCS interested in buying AT&T/T-Mobile assets

October 21st, 2011

MetroPCS is interested in purchasing spectrum and subscribers from AT&T and T-Mobile, Bloomberg said Friday. Leap Wireless and Dish Network were also approached and Leap may still be interested in making an offer. The deal with MetroPCS would likely amount to less than $4 billion. In August, The Wall Street Journal revealed AT&T had hired …

AT&T offers to sell assets to Sprint in bid to win T-Mobile deal approval

September 20th, 2011

AT&T has approached several U.S. wireless carriers offering to sell assets, spectrum and wireless subscribers in an effort to win the government’s blessing for its planned acquisition of T-Mobile USA, Bloomberg reported on Monday. MetroPCS, Leap Wireless, CenturyLink, Dish Network and Sprint were among the the companies approached in the private talks. AT&T’s move is …

AT&T could sell $8 billion in assets in bid to win merger approval

August 12th, 2011

AT&T has hired Bank of America’s Merrill Lynch to advise it on the sale of as much as $8 billion in assets in an effort to gain the government’s approval of its planned T-Mobile acquisition. According to The Wall Street Journal, AT&T will try to sell off its network assets in an attempt water down …

T-Mobile USA considers selling cellular towers to raise funds for ‘capital spending’

January 21st, 2011

Here’s a head scratcher. During a speech today in New York City, Deutsche Telecom CEO, Rene Obermann, told investors that T-Mobile USA would consider “selling nonstrategic assets such as its broadcast cellular towers in order to raise additional funds for capital spending.” We were under the distinct impression that cellular towers were, in fact, capital assets (especially for a wireless …

AT&T begins transition of acquired Verizon Wireless assets

July 22nd, 2010

Verizon Wireless customers in the 79 markets that AT&T acquired are being alerted that they will soon be AT&T customers. A welcoming letter detailing the initial phase of the transition is being sent out to this lucky group of Verizon Wireless subscribers and one of our readers was kind enough to share the letter with us.  The …