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Merger

Senate schedules hearing to review AT&T’s T-Mobile acquisition

April 8th, 2011

A United States Senate subcommittee on Friday announced that it will hold a hearing next month to review AT&T’s proposed acquisition of T-Mobile USA. The $39 billion deal, which has been strongly and publicly opposed by Sprint, would see AT&T once again become the nation’s top carrier by subscriber count. It would also give AT&T control of T-Mobile’s …

NY Attorney General afraid AT&T, T-Mobile merger will increase prices

March 29th, 2011

The New York State Attorney General’s office on Tuesday announced that it plans to conduct a thorough review of AT&T’s proposed T-Mobile USA acquisition. The $39 billion deal would reposition AT&T as the nation’s top wireless carrier, though the merger is already being met with substantial opposition. Attorney General Eric Schneiderman may soon be the …

Sprint CEO Dan Hesse says AT&T, T-Mobile deal will ‘stifle innovation’

March 22nd, 2011

Sprint CEO Dan Hesse on Tuesday shared strong opinions surrounding AT&T’s recent announcement that it plans to acquire T-Mobile USA from Europe’s Deutsche Telekom. Speaking on Tuesday morning at the CTIA Wireless 2011 convention, Hesse said AT&T’s plans to acquire T-Mobile will hurt customers. He also said that if approved by regulators, the deal would …

Verizon Wireless CEO says company has no interest in buying Sprint

March 22nd, 2011

Verizon Wireless CEO Daniel Mead said on Monday that the company has no interest in a merger with Sprint, a notion that had been tossed around by analysts over the weekend following news that AT&T intends to Acquire T-Mobile USA. “We’re not interested in Sprint. We don’t need them,” Mead told Reuters reporters in Florida …

AT&T’s T-Mobile acquisition to benefit Apple, RIM and Google

March 21st, 2011

In a note to investors on Monday, RBC Capital Markets Managing Director Mike Abramsky highlighted several implications surrounding AT&T’s acquisition of T-Mobile USA. Interestingly, RBC sees the merger as having the potential to provide various benefits to each of three staunch rivals — Apple, RIM and Google. For Apple, this deal will drastically increase the company’s …

T-Mobile CEO to employees: AT&T is the best possible solution for our business

March 21st, 2011

In conjunction with yesterday’s AT&T and T-Mobile merger announcement, T-Mobile USA’s President and CEO — Philipp Humm — sent an email to company employees explaining the move. Referring to it as “the best possible solution for our business and for our customers,” Humm assured his workforce that AT&T was committed to “keeping talented people through the transition.” …

In proposed merger with AT&T, T-Mobile customers win

March 21st, 2011

While AT&T customers can clearly see the benefits of a merger with T-Mobile, customers of the company being acquired are having a difficult time seeing what’s in it for them. What will happen to T-Mobile’s current data plan offerings? Will handset releases slow down? How will this effect my monthly bill? The questions are plentiful …

T-Mobile: We do not offer the iPhone

March 21st, 2011

As customer questions surrounding the proposed AT&T and T-Mobile merger mount, the latter has published a customer-facing frequently asked questions page in an effort to educate customers about what they can expect, and not expect, in the coming months. One of the specific queries T-Mobile addressed is the availability of Apple’s iPhone. In order to dispel any …

Sprint voices concern over proposed AT&T, T-Mobile merger

March 21st, 2011

The nation’s third largest wireless provider, Sprint Nextel, has issued a statement to voice its concerns over the proposed AT&T and T-Mobile merger. “The combination of AT&T and T-Mobile USA, if approved by the Department of Justice (DOJ) and Federal Communications Commission (FCC), would alter dramatically the structure of the communications industry,” writes Sprint. “AT&T …

Qualcomm to acquire chip maker Atheros for $3.1 billion

January 5th, 2011

Qualcomm announced Wednesday that it will acquire microchip maker Atheros. The $3.1 billion deal is set to be the largest acquisition in Qualcomm’s history. The two companies have worked together on several products in the past, and Qualcomm intends to use Atheros’ products to expand onto new platforms and into new markets. Atheros develops and …