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Department of Justice

AT&T may divest 40% of T-Mobile USA assets in last bid to win merger approval

November 28th, 2011

AT&T may propose to divest as much as 40% of T-Mobile USA’s assets in an effort to win approval from the Department of Justice in an upcoming lawsuit against the government agency. The DOJ sued to block the merger on August 31st, when it said “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a …

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 …

DOJ vs. AT&T hearing set for September 21st

September 7th, 2011

Federal Judge Ellen Segal Huvelle set a hearing for the Department of Justice’s lawsuit against AT&T for September 21st, The New York Times reported on Wednesday. “The parties shall be prepared to discuss the prospects for a settlement” on that date, Huvelle said. The U.S. Department of Justice filed a lawsuit in an attempt to …

Deutsche Telekom caught off-guard by DOJ’s move to block AT&T/T-Mobile deal

September 1st, 2011

The U.S. Department of Justice’s decision to file a lawsuit in an attempt to block AT&T’s planned $39 billion acquisition of T-Mobile USA caught Deutsche Telekom CEO Rene Obermann off-guard while he was meeting with a team of managers and his supervisory board, a board member told Bloomberg on Thursday. Deutsche Telekom, AT&T and T-Mobile …

AT&T responds to Senate Antitrust Subcomittee chairman’s recommendation to block merger

July 20th, 2011

Earlier on Wednesday, the Senate Subcommittee chairman Senator Herb Kohl urged federal regulators to block AT&T’s planned $39 billion acquisition of T-Mobile. On Wednesday afternoon, AT&T responded to Senator Kohl’s recommendation with the following statement: We respect Senator Kohl. However, we feel his view is inconsistent with antitrust law, is shared by few others, and …

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

July 12th, 2011

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 …

AT&T to pay T-Mobile $6 billion if feds reject acquisition

May 12th, 2011

AT&T will pay T-Mobile $3 billion in cash, a $1 billion roaming agreement, and $2 billion in spectrum if the Federal Communications Commission and the Department of Justice reject AT&T’s proposed $39 billion acquisition of T-Mobile. The agreement’s 15% breakup fee would shatter global records, Reuters said, noting that the 7.7% breakup cash agreement is …

AT&T’s T-Mobile acquisition to receive in-depth Department of Justice investigation

May 3rd, 2011

The Department of Justice will perform an “in-depth” investigation of AT&T’s proposition to acquire T-Mobile USA, Reuters is reporting. Such an investigation comes as no surprise, as one FCC official assured the public on April 14th that the acquisition would get a thorough review from government antitrust and communications officials. Bloomberg says that the DoJ …

Verizon settles government probe for $93.5M

April 5th, 2011

On Tuesday, Verizon Communications agreed to pay $93.5 million to settle a lawsuit filed by the U.S. Justice Department. Verizon was accused of overcharging the U.S. government for both voice and data services. Reuters reports that the the company’s MCI Communications Services unit “invoiced the General Services Administration for various taxes and surcharges in violation of …