AT&T Gives Up on T-Mobile Acquisition
Dec 19, 2011, 4:53 PM by Eric M. Zeman
updated Dec 19, 2011, 5:30 PM
AT&T today announced that it will cease attempts to purchase T-Mobile USA from Deutsche Telekom. AT&T faulted the Department of Justice and Federal Communications Commission's moves to prevent the acquisition, saying that the spectrum crisis is still coming and this deal would have helped solve some of the resulting issues. AT&T said that it remains committed to its customers and "will continue to be aggressive in leading the mobile Internet revolution." AT&T charged the government with allowing free markets to work unencumbered by policy and asked it to quickly approve its acquisition of 700MHz spectrum from Qualcomm. AT&T announced in March its intent to acquire T-Mobile USA for $39.5 billion. AT&T said it will recognize a charge of $4 billion ($3 billion in cash, $1 billion in spectrum) for the fourth quarter of the year to cover break-up fees.
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Comments
ATT has no right to use the word "agressive"!!!
ATT should look to Verizon as an example of what "aggressive" is.
Well, perhaps without them focusing on buying TMO, they will focus more on rolling out LTE. They've already stated that they would and use a very different spectrum. Which by the way, may be the reason they wanted TMO in the first place and resulting ...
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not sure verizon was "agressive" either. they sat quietly and gobbled up their spectrum w/o any hoopla. i say smart move. i would call it "passive" 😉
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What do you mean AT&T has no right to use the word "agressive"? Is 17-18B a year not considered aggressive anymore? Verizon does not spend nearly as much on their network as AT&T does...Verizon is ahead on the LTE game right now, becuase while they we...
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Has Anyone Else Wondered this?
Why Verizon is suddenly snatching up 1700/2100 spectrum shortly after it seemed likely the T-Mobile/ATT deal was about to crumble? I know most say that it's so Verizon could build out their LTE network but..... Could it be they are gobbling it all up to "sweeten the pot" to encourage Vodafone to sell their share of the VZW joint venture, buyout T-Mobile USA and give them them the spectrum as an added bonus to get rid of them once and for all from their unfavorable 55/45 % joint venture position?? Most people seem to forget they were trying to eat up ATT wireless a few years back and would sell their stake in the process but now i'm wondering if this is a calculated move on their end. Vodafone seems to be inclined to have one brand all over...
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The DOJ would be even more vehement in their anti-trust arguements on that.
Do people forget that VZN began as one of the Baby Bells?
Do people forget that VZN began as one of the Baby Bells?
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HAHAHA YES!
I opposed this merger from day one. I left AT&T for T-Mobile in November of 2011 for a better deal & better data rates. Only a few short months after my changeover the merger was announced & I was like "your kidding me". What I want to know now is...does anyone know the time frame on when I will be able to openly roam on AT&T's network? I know the cancellation fee is $3 billion cash money & $1 billion in spectrum...but how soon do T-Mobile customers get to see this benefit?
ant1171984 said:
What I want to know now is...does anyone know the time frame on when I will be able to openly roam on AT&T's network?
What makes you think that the merger break up agreement will allow T-Mobile subs...
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Three scenerios mostly likely, 2. Merge with Dish or some other entity intersted in penetrating the U.S. market perhaps Vodaphone will sell their stake in Verizon and buyout Tmobile outright. 2. Completely Spin Off Tmobile onto it's own. 3. IPO to ...
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I called it four weeks ago...
The AT&T-T-Mobile merger effectively ended in the wee hours on Thanksgiving morning. The days since have just been denouement. This is what I said that morning:
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WiWavelength said:...
Well, this is interesting. AT&T has just put out a press release announcing that AT&T and T-Mobile have withdrawn their nearly 1700 pending license transfer applications with the FCC and that AT&T will book a $4 billion charge this quarter for potential break up fees owed to T-Mobile. However, the press release also states that AT&T and T-Mobile will continue to seek anti trust clearance for the merger.
Hmm, the timing of the press release -- 2:30am on Thanksgiving morning -- is odd to say the least. Usually when companies do a weeken
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i think its funny how it all went down. didnt at&t say they had the persistance and the "cash" to do it too?
wonder how their customers feel seeing their carrier throwing cash around lol
wonder how their customers feel seeing their carrier throwing cash around lol
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WiWavelength said:...
The AT&T-T-Mobile merger effectively ended in the wee hours on Thanksgiving morning. The days since have just been denouement. This is what I said that morning:
https://www.phonescoop.com/articles/discuss.ph »
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It was doomed from the very beginning when they ran on the premise that merging two companies offering the same products and relatively the same features and functionally would in fact create jobs...why on earth would one merged company staff more to ...
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Congrats?
I think there was a long line of people who said it would not be allowed by the FCC or the DoJ since the buyout was announced and for the very reasons given.
So um yeah. congrats on getting it right several months later.
I think there was a long line of people who said it would not be allowed by the FCC or the DoJ since the buyout was announced and for the very reasons given.
So um yeah. congrats on getting it right several months later.
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they better stick to their threat
.... and raise prices lol...
Wont happen
We should all know it was an empty threat
Wont happen
We should all know it was an empty threat
To everyone here who said....
That their CEO and everyone was right when they said they needed to buy TMO for spectrum, what now? Exactly.
