Deutsche Telekom May Slice Up T-Mobile USA
Sep 5, 2011, 7:58 AM by Eric M. Zeman
updated Sep 6, 2011, 8:38 AM
Deutsche Telekom, parent company of T-Mobile USA, said it would consider "carving out some assets" from T-Mobile USA in order to help gain regulatory approval for its sale to AT&T. Speaking to BusinessWeek, spokesman Philipp Kornstaedt said that Deutsche Telekom is examining different scenarios and how they would play out in real life. Last week, the Department of Justice filed a lawsuit looking to block AT&T's proposed acquisition of T-Mobile. The lawsuit presents a significant hurdle for the acquisition. Deutsche Telekom has plenty of motive to help the deal succeed. A Deutsche Telekom spokesperson said on Tuesday that if AT&T is forced to make more than $7.8 billion in concessions to get the deal approved, then it has the right to back out of the acquisition. Even if it does, T-Mobile will still be entitled to the break-up fee, which includes cash and spectrum assets.
Comments
Monopoly
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Yes, they'll be the only large GSM provider but no matter how you slice it, AT&T is *still* going to be the single largest GSM provider. If T-Mobile slices up the entire company or sells to Sprint, who's a CDMA provid...
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Death Telekom
Wish Death Telekom will go bankrupt globally and we don't care!