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Merger

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 …

Sprint ‘applauds’ DOJ attempt to block AT&T/T-Mobile merger

August 31st, 2011

Sprint’s senior vice president of government affairs Vonya B. McCann issued the following statement in response to the Department of Justice’s attempt to block AT&T’s planned $39 billion acquisition of T-Mobile USA: The DOJ today delivered a decisive victory for consumers, competition and our country. By filing suit to block AT&T’s proposed takeover of T-Mobile, …

AT&T responds to U.S. government lawsuit seeking to block T-Mobile deal [updated]

August 31st, 2011

AT&T has issued a formal response to the U.S. government’s lawsuit seeking to blocking the carrier’s $39 billion acquisition of T-Mobile USA. “We are surprised and disappointed by today’s action, particularly since we have met repeatedly with the Department of Justice and there was no indication from the DOJ that this action was being contemplated,” …

U.S. government sues to block AT&T, T-Mobile merger [updated]

August 31st, 2011

The United States government has filed a lawsuit in an attempt to block AT&T’s proposed $39 billion acquisition of T-Mobile USA, saying that such a deal would “substantially lessen competition” in the U.S. wireless market. Bloomberg reports that the complaint was filed by the U.S. Justice Department on Wednesday, and the government is asking for …

Verizon: Google's Motorola purchase could bring stability to patent wars

August 16th, 2011

Verizon Communications’ senior vice president and deputy general counsel John Thorne discussed Verizon’s opinion on Google’s planned acquisition of Motorola Mobility with The Wall Street Journal on Tuesday. “We will be looking with interest as further details of the proposed transaction become clear,” Throne said. “But, at first glance, to the extent that this deal …

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 responds to Sen. Al Franken’s recommendation against AT&T merger

July 27th, 2011

Minnesota Senator Al Franken sent a letter to the heads of the Federal Communications Commission and the Department of Justice earlier this week, stating that AT&T’s proposed $39 billion acquisition of T-Mobile USA was not in the best interest of the American public. “The competitive effects of a merger of this size and scope will …

Customers sue AT&T to block T-Mobile acquisition

July 22nd, 2011

A handful of AT&T’s customers are now fighting against its planned acquisition of T-Mobile. Law firm Bursor & Fisher filed lawsuits against AT&T on behalf of 11 AT&T subscribers in an effort to block the merger, AllThingsD reported on Friday. The lawyers have created a pitch site titled FightTheMerger.com and argue that The Clayton Antitrust …