AT&T hires Wall Street bankers to help it divest of assets if requested by the Feds
0. phoneArena 11 Aug 2011, 20:36 posted on
AT&T has hired Investment Banking firms Bank of America and Merill Lynch to help the carrier find a quick buyer for what could be $8 billion or more of its post-deal network, just in case the Feds order a divestiture of some of the combined companies pipelines in order to gain regulatory approval for its purchase of T-Mobile...
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1. downphoenix (Posts: 2293; Member since: 19 Jun 2010)
looks like AT&T is up to some crooked s***. Not surprising.
2. TheBrizz (Posts: 18; Member since: 24 Sep 2010)
Um, where in this article is there any implication that there is anything "crooked" or underhanded going on? It's common practice that when wireless carriers merge, there is a divestiture of some of the assets in certain markets.
4. Oaklich (unregistered)
Um, where anywhere does it NOT say AT&T is "crooked" to begin with?
Nothing like letting an overgrown company that treats their customers horribly buy another company, inherit their customers, and let them get bigger so nearly everyone becomes miserable.
Forget what you heard, this deal is a train-wreck waiting to happen (should it go through).