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Merger

CenturyLink likely buyer of Sprint following AT&T-Mobile merger apocalypse

May 17th, 2011

In a Congressional appearance last week, Sprint CEO Dan Hesse explained just why his company objects to the proposed $39 billion AT&T and T-Mobile merger. Aside from his previously expressed grievances — that the merger would create a wireless duopoly and stifle competition — Hesse also noted another possible paradigm: the deal could lead to Sprint being bought or acquired as …

Nokia may consider sale of phone unit to Microsoft

May 16th, 2011

According to industry insider Eldar Murtazin, Nokia is set to begin discussing the possibility selling its cell phone business to Microsoft. The blogger, who has a proven track record of disseminating accurate intel, says negotiations will begin next week and the results will not immediately be made public. If the two giants do work out a sale, …

Deutsche Telekom confirms $6 billion prenuptial agreement with AT&T

May 13th, 2011

It’s more like a pre-prenuptial agreement, but you get the idea. T-Mobile’s parent company, Deutsche Telecom, has confirmed that it stands to receive a $6 billion settlement from AT&T should the companies’ proposed merger fall through. According to DT, a $3 billion cash payment would be made along with additional spectrum and a national roaming agreement. While the …

Throwback Thursday: AT&T Wireless

May 12th, 2011

As you can see from the above image, the destruction and slow reconstruction of AT&T is quite a story. With the T-Mobile merger currently being debated by Congress, potentially adding another chapter to the saga, we thought it might be a good idea to look at the genesis of AT&T Mobility as it stands today. …

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 …

Sprint goes after T-Mobile customers, uses acquisition as bait

May 12th, 2011

Speaking of smear campaigns, a new Sprint promotion specifically targets T-Mobile CL customers that may be uneasy about the proposed merger, according to a new report. According to a purported internal document, Sprint is trying to lure customers away by offering to pay their T-Mobile early termination fees up to $175 per line if they …

AT&T makes its case to the FCC regarding T-Mobile acquisition

April 21st, 2011

AT&T on Thursday filed documents with the United States Federal Communications Commission regarding its proposed acquisition of T-Mobile USA from Deutshe Telekom. The potential merger has been strongly opposed by many, such as Sprint, and one FCC official has a hard time believing such a deal could ever be approved. AT&T has a lot to lose of …

AT&T's T-Mobile acquisiton to get thorough review, FCC official says

April 14th, 2011

AT&T’s plans to purchase Deutsche Telekom-owned T-Mobile USA will get a thorough examination from government agencies, including antitrust and communications investigators, an FCC aide affirmed on Thursday. AT&T proposed the $39 billion deal on March 20th and a company spokesperson told Bloomberg that Ma Bell plans to file its official application to the Federal Communications …