AT&T sees Q1 2012 approval for T-Mobile acquisition

AT&T sees Q1 2012 approval for T-Mobile acquisition
Because of the size of the deal, AT&T's planned acquisition of T-Mobile for $39 billion must get approval from both the FTC and the Justice Department. Those who oppose or are in favor the deal had until Monday to register their opinion with both agencies. You can be sure that Sprint CEO Dan Hesse had a few choice words to pass along to the government as he has been the most vocal in the industry against the deal.

Now that the deadline to pass along an opinion has passed, AT&T says that it is on target to receive government approval to buy T-Mobile in the first quarter of 2012. AT&T has passed along a second set of data about the deal which was requested by the Justice Department. AT&T General Counsel Wayne Watts told reporters on Tuesday that the governmental agencies have been fair and thorough and that the review has been exactly what the carrier expected. He said, "Here we are the day after those comments are in, and I can tell you I have not been surprised by anything that has happened in that process."AT&T says that it needs to complete the deal to improve service to its customers. The carrier has promised its customers that it will offer next-gen 4G service to 97% of the U.S. population.

For its part, T-Mobile says that it needs to be acquired by a company with deep-pockets like AT&T because its parent company, Deutsche Telekom AG, is unable to keep making the investment necessary to handle T-Mobile customers' never ending increase in data usage. The major complaints against the deal focus on AT&T locking up additional spectrum by buying T-Mobile, and the resultant duopoly with Verizon that could be created when the nation's number one carrier swallows up number four. Sprint, the number three carrier in the U.S., is well behind Verizon in the number of subscribers it serves.

Watts refused to discuss what kind of conditions, if any, that the two agencies might place on AT&T to close the deal. AT&T, he said, is not worried about conditions. He says the company is focusing on getting the deal done.

source: Yahoo

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19 Comments

1. clevername

Posts: 1436; Member since: Jul 11, 2008

I have the same feeling i had when Palpatine gained control of the senate and then again when the Jedi were killed. Its like the creation of the empire all over again. Thing is, I've always been a fan of the darkside.

3. vvelez5

Posts: 623; Member since: Jan 29, 2011

Darkside of the moon was a good album though. So the darkside isn't too bad.

12. Phoneguy007

Posts: 218; Member since: Jun 02, 2011

darkside rocks!

2. vvelez5

Posts: 623; Member since: Jan 29, 2011

Sit back, relax and watch AT&T become the nations largest wireless provider. Capitalism at its finest. Now I will sit back, relax and watch how everyone on here says how this will turn into a duopoly. Oh and deduct points.

5. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

Meh. It ain't over until the fat lady sings. The conditions that the government comes back with for AT&T-Mobile to do the deal may be objectionable to AT&T. Things like having to rent spectrum to small regional carriers at the best price that AT&T-Mobile prices to its major corporate customers, for example. Another condition that I would imagine AT&T-Mobile would probably object to would be a requirement to divest itself of subscribers in markets that would be too concentrated post merger. I suspect that AT&T-Mobile is putting the best face on the process. Unless of course, the fix is in.

10. corps1089

Posts: 492; Member since: Jan 20, 2010

They most likley will become the nations largest provider since Obama has publicly stated he wants bandwidth resolution. I think Sprint is most likley posturing since thier uphill battle will become more uphill if the deal goes through, even though Hesse has valid points. You won't catch me on ATT/Tmobile amoung the plurality of subscribers...

4. archangel9

Posts: 233; Member since: Feb 07, 2010

People can bitch and whine all they want but at the end of the day money talks bulls**t run the decaltholon period. Capitalism at its finest! Besides they covered all the bases as far as 3g and HSPA+ and now LTE ,three stream layers of data and voice ,better reception and a array of devices I.e. Sensation 4g. Vzw only got 3g and LTE.

7. archangel9

Posts: 233; Member since: Feb 07, 2010

Yeah its true.

18. lollipop

Posts: 43; Member since: Feb 15, 2011

How did they prove anything? At&t 's network and T-mobile's cover the same areas with very few exception. And you say HSPA+ like it is a good thing.... HSPA+ s as relevent as 3G CDMA.... I.E it is a relic that T-mo and Att are building out because they don't want to pay money to cover their entire coverage areas with LTE. This deal is a hoax... Their 3g and 4g map never be the size of Verizon's simplty because Att doesn't care. We are talking about a carrier that's 3G foot print hasn't noticebly changed since 2008.....

8. The_Miz

Posts: 1496; Member since: Apr 06, 2011

And this is why the US is full of morons in office if this bull**** deal goes through. AT&T WILL be a monopoly on the GSM side of things, but rather than fix their crappy network, they opt out to buy T-Mobile and essentially destroy competition in the wireless industry.

11. vvelez5

Posts: 623; Member since: Jan 29, 2011

We still can't take you seriously with such a gay photo.

13. Phoneguy007

Posts: 218; Member since: Jun 02, 2011

lol......

16. biglebronski

Posts: 22; Member since: Mar 18, 2011

Trade that banana hammock for some boxers and relax a little. GSM will be gone in a few short years, and LTE will be the standard for communication... By the way, not sure where you are that AT&T's network is so "crappy," but I left AT&T for Sprint here in Cleveland and I can't wait to get back to AT&T.

19. lollipop

Posts: 43; Member since: Feb 15, 2011

Att's LTE network will be provisioned for cities. They are gonna use HSPA+ everywhere outside of that. They claim they will have 4G everywhere but how much of that will be HSPA+ and the rest LTE? At&t is a carrier that hasn't done any noticeble expansion in their 3G network since 2008. It is 2011 and their 3G coverage hasn't changed.

9. Yo unregistered

Just as they said, Deutsche Telekom has been looking to seel T-Mobile USA for a while. But people are mad at AT&T because they're buying them... And wtf is a monopoly of a gsm? So what? You still have SEVERAL (more than Verizon, ATT, and Sprint) to choose from.

14. Phoneguy007

Posts: 218; Member since: Jun 02, 2011

Totally agree......if ver was buying them no one would say anthing!

15. Andrew_A_123 unregistered

You're dumb because you don't know what a monopoly on gsm is, and there are more reasons to oppose the deal

17. vmaster unregistered

"Deutsche Telekom AG, is unable to keep making the investment necessary to handle T-Mobile customers' never ending increase in data usage" THIS IS RIDICULOUS STATEMENT......This is where technology is heading people, smartphones are becoming more and more dependent on data, internet, video stream, video chat, blah blah.....and they wonder why data usage is increasing!!!! Duhhhhh, you are in the business of providing data, learn to keep up with technology Deutsche Telekom!!! I have T-mobile and i'm very satisfied. Speeds are super fast, avg 3-4mb. AT&T and Sprint are slow as hell, i tested many times. And voice coverage is awesome....half the people that talk crap never even had Tmobile. Tmobile needs to survive, and learn how to penetrate the market better, and Deutsche Telekom need to complain less!!!

20. Retired Floridian unregistered

I am a T Mobil customer with a contract through August, 012. Will AT&T replace my handset if i can no longer use it???? If NOT, am I free to cancel my Tmobil contract since that would be a material change in my contract if I casnnot use my existing T Mobil handset?????

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