Judge in AT&T case vs. DOJ schedules September 21st settlement talks
On September 21st, the judge has scheduled a settlement talk for the three parties involved. Government officials have said late last month that there is room for negotiation and as we reported, AT&T has recently come forward with some ideas, including spinning off a quarter of T-Mobile's assets, in hopes that it can persuade the DOJ and the FCC to vote in favor of the deal.
source: NYTimes via Phandroid
2. remixfa (Posts: 14255; Member since: 19 Dec 2008)
like I said, the merger isnt going to be stopped. It was political posturing. ATT knew it was going to have to divest parts of Tmobile off.. VZW didnt keep all of Alltell which was a much smaller company, ATT definitely wasnt getting all of Tmobile intact.
3. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
Maybe AT&T could be required to offer unlimited data plans for all cell phones (sold now and in the future) at a $30/month price point. That would at least identify how badly AT&T wants to do the deal....
4. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
This is just a meet-and-greet for the judge. It is not a binding settlement meeting.
5. snowgator (Posts: 3462; Member since: 19 Jan 2011)
Who here still believes this merger won't go through? AT&T has it's eyes set on certain spectrum and access to certan towers and markets. So long as it gets those, it will spin off, sell off, or pay off any other aspect of this deal. Keep the employees? Sure, for a while. Create jobs? Yep, while we are working out the logistics. Stop competition? WHO?? US??? NO WAYYYY, JUDGE!! WE LOVE OUR FELLOW CARRIERS!! Deutsche Telekom is desperate to cut it's loses and get away from T-Mo, so it will crawl on broken glass to get this deal done. AT&T is the only way it ends up free and clear with some cash in hand for their efforts.
It will end up being a complicated, drawn out deal that will take months to sort out, but in the end we lose T-Mobile.