FCC to review together the T-Mobile takeover and Qualcomm spectrum purchase by AT&T
The Federal Communications Commission lumped the two big moves by AT&T, which need regulatory approval - the purchases of T-Mobile and additional spectrum from Qualcomm - together, which means the Qualcomm deal review process might be longer than expected.
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
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.
via LATimes
FCC OKs Cingular\'s purchase of AT&T Wireless
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