FCC to review together the T-Mobile takeover and Qualcomm spectrum purchase by AT&T
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AT&T is offering $39 billion to T-Mobile USA's parent company Deutsche Telecom, and $1.93 billion for additional wireless spectrum from Qualcomm to expand its 4G network. The Qualcomm spectrum sale was expected to close by the end of the year, while the T-Mobile merger won't be given the green light until some time next spring at the earliest.
The FCC has decided that both of these moves aim to solidify the carrier's network coverage and 4G plans, so it might be worth it that they are reviewed together, before an approval for any of them is issued. The Commission is trying to determine whether AT&T won't have too much wireless spectrum at its disposal after the purchase of both companies, with an antitrust review obviously taking the lead.
via LATimes
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6 Comments
3. remixfa posted on 10 Aug 2011, 09:42 0 0
This should actually shorten the process of the merger, not lengthen it. From what I read of other articles on it, they are tacking the Tmobile merger onto the Qualcom spectrum purchase. So while it may slow the Qualcomm sale down a smidge, it should speed up the Tmo merger dramatically.
2. som posted on 10 Aug 2011, 06:26 1 1
FCC should cancel the deals altogether because AT&T is the largest phone company already they should stop expanding and stop buying the spectrum.
5. ummmm... (unregistered) posted on 10 Aug 2011, 12:49 0 0
people need to stop calling this a merger, it is a BUY-OUT just as the deal with att and centennial was. ATT will not have a new name like AT&T-Mobile. plan and simple this is a buy-out not a merger. secondly remix is correct, that will actually shoprten the entirety of the process which clearly benefits AT&T. They want this deal done quick and easy so tha tthey can increase their spectrum asap due to their already slow as hell service. I personally hope the deal doesnt go thru
6. sunilmathew posted on 10 Aug 2011, 13:16 0 0
The FC should see the take over by At&t, as a way for At&t to be the monopoly gsm carrier of the usa. Because tmobile was the only other gsm carrier to make fair competition in the gsm carrier world in the usa. So after the takeover whenever it happens, At&t won't have worry about competitive prices for gsm plans.
