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Merger

FCC bashes AT&T/T-Mobile merger in public report

November 30th, 2011

The Federal Communications Commission released a 109-page report on Tuesday evening that provides a great deal of insight into what the government agency thought of AT&T’s planned acquisition of T-Mobile USA. However, AT&T has questioned exactly why the government agency decided to release the report since, hours before the report was released, AT&T successfully withdrew its …

AT&T granted approval to withdraw T-Mobile merger application from FCC

November 29th, 2011

The Federal Communications Commission on Tuesday granted AT&T permission to withdraw its application to purchase T-Mobile USA for $39 billion. Two public policy groups, Public Knowledge and Media Access Project asked the FCC to publish its documents relating to the deal and to prevent AT&T from rescinding its application, although it appears it’s too late for …

AT&T withdraws FCC application for T-Mobile merger

November 24th, 2011

AT&T said Thursday that it has withdrawn its application from the Federal Communications Commission to acquire T-Mobile USA. AT&T and Deutsche Telekom said they will instead focus on fighting an antitrust lawsuit brought against the proposed $39 billion merger by the Department of Justice. AT&T made the announcement Thursday following the FCC’s decision earlier this …

AT&T: FCC is preventing the creation of thousand of jobs, billions in investment

November 22nd, 2011

AT&T on Tuesday issued a statement after the Federal Communications Commission took preliminary steps toward blocking AT&T’s proposed $39 billion acquisition of T-Mobile USA. The FCC said it is not convinced the merger will in fact create jobs as AT&T has promised, and it said it will hold an administrative hearing to examine the deal. The …

Motorola stockholders approve Google deal

November 18th, 2011

Motorola Mobility on Thursday announced that stockholders voted to approve Google’s proposed $12.5 billion merger. At the company’s special stockholder meeting on Thursday, roughly 99% of Motorola shares voting cast their vote in favor of the acquisition, which amounts to $40 per share in cash for complete ownership of Motorola Mobility Holdings, Inc. “We are pleased …

T-Mobile USA saving cash to keep top execs if AT&T merger passes

November 17th, 2011

T-Mobile USA has been setting aside cash that it plans to use in an effort to keep its top employees on board should AT&T’s proposed $39 billion takeover of the firm gain U.S. regulatory approval. The carrier has reportedly already recorded $64 million in merger-related employee costs during the past two quarters. A spokesperson for …

AT&T’s planned T-Mobile merger will create 96,000 jobs, CWA says

November 9th, 2011

The Communications Workers of America (CWA) union said on Tuesday that AT&T’s planned $39 billion acquisition of T-Mobile USA will create 96,000 additional jobs in the United States and bring another 5,000 others back from overseas. The union said Sprint and other opponents of the merger are “inappropriately” implying that the deal will actually result in …

AT&T says T-Mobile deal will close later than expected

November 4th, 2011

AT&T has pushed back the date it expects to close the books on its planned merger with T-Mobile and spectrum purchase from Qualcomm, The Wall Street Journal reported on Friday. The carrier had originally planned to close both acquisitions by March of 2012, although it now expects the required approvals to take as much as three …