AT&T Withdraws FCC Application to Buy T-Mobile; Will Focus on U.S. Anti-Trust Suit

This is a discussion on AT&T Withdraws FCC Application to Buy T-Mobile; Will Focus on U.S. Anti-Trust Suit within the Android News forums, part of the Android.net category; It looks like the AT&T and T-Mobile merger is now likely dead. AT&T has officially withdrawn its application to the FCC to acquire the company. ...

Results 1 to 5 of 5

Thread: AT&T Withdraws FCC Application to Buy T-Mobile; Will Focus on U.S. Anti-Trust Suit

  1. #1
    Editor in Chief dgstorm's Avatar
    Join Date
    Dec 2010
    Posts
    4,720
    Thanked
    711 times

    AT&T Withdraws FCC Application to Buy T-Mobile; Will Focus on U.S. Anti-Trust Suit


    It looks like the AT&T and T-Mobile merger is now likely dead. AT&T has officially withdrawn its application to the FCC to acquire the company. Instead they plan on focusing their money and efforts to defend themselves against the anti-trust lawsuit that the United States Department of Justice has brought against them. Last week, Federal Communications Commission Chair Julius Genachowski, called for an FCC hearing on the merger, and the following was included in his statement of the issue, “...the deal would significantly diminish competition and lead to massive job losses.”

    Another reason cited for the pullout was that, since the merger was looking bad for them anyway, AT&T knew they would have to pay out a $4 Billion "breakup fee" to Deutsche Telekom (owners of T-Mobile USA) for the failure, and they wanted to reserve cash for that. Here is the full press release,
    AT&T and Deutsche Telekom Continue to Pursue Sale of DT’s U.S. Wireless Assets

    Companies Withdraw FCC Applications; AT&T Expects to Recognize $4 Billion Charge; Companies Focus on Gaining DOJ Approval

    On Nov. 22, 2011, the Federal Communications Commission indicated a proposed order was circulating that would designate for hearing the applications of AT&T Inc. and Deutsche Telekom AG For Consent To Assign or Transfer Control of Licenses and Authorizations, WT Docket No. 11-65. On November 23, 2011, AT&T Inc. and Deutsche Telekom AG electronically withdrew without prejudice, as of that date, the pending applications listed in the Public Notice released by the Federal Communications Commission on April 28, 2011 in that proceeding. Associated manual notification of withdrawal filings also are being mad

    AT&T Inc. and Deutsche Telekom AG are continuing to pursue the sale of Deutsche Telekom’s U.S. wireless assets to AT&T and are taking this step to facilitate the consideration of all options at the FCC and to focus their continuing efforts on obtaining antitrust clearance for the transaction from the Department of Justice either through the litigation pending before the United States District Court for the District of Columbia, Case No. 1:11-cv-01560 (ESH) or alternate means. As soon as practical, AT&T Inc. and Deutsche Telekom AG intend to seek the necessary FCC approval.

    As a result of the FCC’s action, AT&T expects to recognize a pretax accounting charge of $4 billion ($3 billion cash and $1 billion book value of spectrum) in the 4th quarter of 2011 to reflect the potential break up fees due Deutsche Telekom in the event the transaction does not receive regulatory approval.”
    Source: TalkAndroid: (1), (2)
    Last edited by dgstorm; 11-25-2011 at 12:25 PM.

  2. Android.net is the premier Android Forum. Registered users do not see these ads. .

  3. #2
    Super Moderator CR6's Avatar
    Join Date
    Jan 2011
    Location
    Idaho
    Posts
    1,589
    Thanked
    223 times
    Interesting ....thanks for the story dg!

    tap'n

  4. #3
    Super Moderator cali's Avatar
    Join Date
    Sep 2011
    Posts
    4,824
    Thanked
    329 times
    Good. Now maybe the deteriorating customer service I have been receiving from T-Mobile will recover.

  5. #4
    Android Lurker porida's Avatar
    Join Date
    Nov 2011
    Posts
    1
    Android is unlike any other mobile development platform or Java-based environment. Triple Bottom Line’s Android webinar will immerse students in the Android platform, leveraging their existing Java expertise, and allowing them to walk away from the class ready to build Android GUIs and related components.On the first class you will write your first Android Activities. Through the rest of the week you will be progressively introduced to more and more of what Android has to offer – services, multitouch, and system search services. You will apply this knowledge with working code every step of the way. Be ready to work hard and learn a lot in this intensive, hands-on, five day introduction to programming with the Android platform.

  6. #5
    Super Moderator/RS SLAG IT!'s Avatar
    Join Date
    Mar 2011
    Location
    Somewhere on Kamino
    Posts
    2,814
    Thanked
    84 times
    Thanks for the info.

Remove Ads

http://www.scramblerducati.org/

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Monitor Application For Mobile
    By robbysnell in forum Android Forum
    Replies: 1
    Last Post: 10-05-2011, 09:57 AM
  2. Replies: 2
    Last Post: 04-19-2011, 08:18 AM
  3. Any way to disable mobile data per-application?
    By josetann in forum LG Ally Help
    Replies: 0
    Last Post: 10-07-2010, 06:46 PM

Search tags for this page

android png

,
att fail merger
Click on a term to search our sites for related topics.
Android Forum