x PhoneArena is hiring! Reviewer in the USA
  • Options

AT&T withdraws T-Mobile merger papers from the FCC, will book the break-up fee as a loss in Q4

0. phoneArena posted on 24 Nov 2011, 03:44

After the FCC Chairman himself asked for an investigation into the AT&T's proposed merger with T-Mobile, America's second largest carrier waved the white flag, and has apparently withdrawn electronically the merger application papers from the Federal Communications Commission...

This is a discussion for a news. To read the whole news, click here

posted on 24 Nov 2011, 08:15

13. Slammer (Posts: 1515; Member since: 03 Jun 2010)

If anything, it's the wireless consumers that were spared punitive damages that would have incurred through the merge of TmobileUSA and AT&T.

AT&T handing over a ton of bribe cash in trying to push for a succesful merge, is their fault. If an obvious legitimate need of TmobileUSA would have been presented, the merge most likely would have proved successful. However, to squander millions and millions of dollars to try and quell competition, is a misrepresentation of anti-competitive measures that serves no good for public interest. The FCC has effectively viewed this as a detriment and wisely played the winning game for us consumers.

John B.

posted on 24 Nov 2011, 05:57

9. HTCiscool (Posts: 449; Member since: 16 Jul 2011)

Well I knew it would never happen

posted on 24 Nov 2011, 08:38

14. vvelez5 (Posts: 623; Member since: 29 Jan 2011)

Bad day for capitalism today. Well I guess AT&T can use that $35 Billion now to invest into its own LTE expansion. Now DT is stuck with a company they don\'t want.

posted on 24 Nov 2011, 08:44

15. vvelez5 (Posts: 623; Member since: 29 Jan 2011)

Didn\'t read the whole thing. DT and AT&T are still pursuing this thing with the DOJ and are only withdrawing from the FCC and will later pursue it through the FCC. I guess that $4 Billion dollar fee is something they just want to get out of the way and most likely DT will lower the final price by $4 Billion.

posted on 24 Nov 2011, 09:20

17. Sniggly (Posts: 7305; Member since: 05 Dec 2009)

This is going to be a big blow to people. There were a lot of customers relying on that merger going through.

The fortunate thing is that T-Mobile will now be able to continue offering its dirt cheap plans without AT&T axing them.

posted on 24 Nov 2011, 09:21

18. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)

Lots of luck getting the DoJ to agree to the merger. Maybe if an R gets to be POTUS, but I suspect T-Mo will have been old to someone else by then. DT is going to be cutting their losses and fast. Expect a sale of T-Mo to probably Sprint within 6 months.

posted on 24 Nov 2011, 09:25

20. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)

T-Mo could also be sold to one of the super-regionals like MetoPCS. But sold it will be and sooner rather than later.

posted on 24 Nov 2011, 11:20

32. Johnny_Mnemonic (Posts: 240; Member since: 05 Oct 2011)

Jajajajajaja. At&t thought It had control it backfire jajajajajajaja no T-Mobile for you at&t

Want to comment? Please login or register.

Latest stories