Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Android

 

AT&T Says It Will Not Back Down From T-Mobile Deal

The carrier plans to go down fighting

Dec 8 2011, 2:03pm CST | by

10 Updates
AT&T Says It Will Not Back Down From T-Mobile Deal
 
 

Comments

Recommend Your Tweet as Top Tweet:

Full Story

AT&T Says It Will Not Back Down From T-Mobile Deal

AT&T has assured everyone that even though there is mounting pressure against the deal, it plans to continue fighting until its best lawyers step into a federal courthouse to make the company's case.

And it likely won't be pretty end, as AT&T has faced nothing but growing concerns ever since it first signed the contract with T-Mobile.

That contract was, of course, all contingent upon being able to get regulatory approval from the government, which must agree that the deal will not give AT&T monopolistic powers.

So far, the government is not on AT&T's side. The FCC released a stinging report saying there's no way a super carrier like the one AT&T and T-Mobile would become would lead to anything other than reduced competition and higher prices.

In addition, the US Department of Justice has filed a lawsuit against AT&T claiming the entire idea is illegal due to antitrust laws.

Nevertheless, "We continue to move forward with our efforts to complete the T-Mobile transaction...and we will continue to pursue the sale," said AT&T CFO John Stephens in a recent news conference, as quoted by Reuters.

AT&T has the "ability to close the deal very quickly," Stephens said, but it's really not up to AT&T at this point.

The carrier will need to prove in court that a T-Mobile acquisition would not make it a monopoly, even though the resulting company would be the biggest mobile provider by far, and the only one operating on the network standard known as GSM.

AT&T has tried to convince regulators that by becoming a behemoth company it would actually create jobs by ending overseas outsourcing. When that argument didn't win anyone over, it presented a couple contingency plans, including selling off some of T-Mobile's assets to a smaller carrier and, as a last resort, creating a "joint venture" with T-Mobile that would not involve absorbing the company.

 

You Might Also Like

Updates


Sponsored Update

Update: 10

MRCB, Nusa Gapurna and PKNS settle suit over RM3 billion PJ Sentral project

Source: Malaysia Today

(The Malaysian Insider) – Malaysian Resources Corp Bhd (MRCB), Nusa Gapurna Development Sdn Bhd (NGD) and PKNS Holdings Sdn Bhd have reached an out-of-court settlement over the ownership of the... READ MORE ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 21 2014, 2:53am CDT
 


Advertisement


Update: 9

Story behind Syed Mokhtar’s ‘RM2.25 billion tax-exempt’ Bernas deal revealed, says PKR MP

Source: Malaysia Today

(The Malaysian Insider) – An innocuous written reply in Parliament has provided a peek into the cosy relationship between the Najib administration and Malaysia’s best-known businessman, Tan Sri S ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 15 2014, 12:56pm CDT
 

More From the Web

Update: 8

Constitutional monarchy still murky concept

Source: Malaysia Today

After the RM4.5 billion land sale, the Sultan of Johor secured a 15% stake in MOL Access Portal (MOL) for RM396 million and took a 20% stake i ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 14 2014, 12:37am CDT
 

Update: 7

Sultan of Johor’s RM4.5 bil backlash?

Source: Malaysia Today

49th Karlovy Vary International Film Festival
Has Sultan Ibrahim of Johor’s succession of big money deals over the last six months caused the tide of public opinion to turn against Johor’s royal palace? KiniB ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 11 2014, 8:49am CDT
 

Update: 6

Putrajaya denies carpet dealer given interest-free loan

Source: Malaysia Today

Eileen Ng, The Malaysian Insider Putrajaya today refuted allegations that Bank Rakyat had allowed carpet dealer Deepak Jaikishan to repay a RM32 million loan without interest following intervention from a... R ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 11 2014, 5:44am CDT
 

Update: 5

Malaysia Spends Over $9 million on MH370 Hunt: Report

Source: NDTV

49th Karlovy Vary International Film Festival
Malaysia has so far spent about RM27.6 million (over $9 million) on search operations for missing Malaysia Airlines flight MH370, an official sai ...
Source: NDTV   Full article at: NDTV Jun 9 2014, 3:12am CDT
 

Update: 4

Bill for Kidex likely to soar to RM3.4b

Source: Malaysia Today

The original RM2.4 billion tag on the proposed highway did not take into account the cost of acquiring the land mostly in the urban areas, claims an assembl ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 9 2014, 2:51am CDT
 

Update: 3

MACC: No elements of graft in Bank Rakyat’s loan to businessman

Source: Malaysia Today

BET AWARDS '14 - Red Carpet
(Bernama) – The Malaysian Anti-Corruption Commission (MACC) found no elements of corruption in Bank Rakyat’s RM32 million interest free loan to a businessman. MACC in a statement today said initial... READ M ...
Source: Malaysia Today   Full article at: Malaysia Today May 31 2014, 9:33am CDT
 

Update: 2

IHH Healthcare posts 25% rise in 1Q earnings to $62 mil

Source: The Edge Singapore

IHH Healthcare Berhad announced that revenue grew by 8% y-o-y to RM1.8 billion ($703 million) for 1Q2014 ended March, as earnings grew 25% YoY to RM159.1 million. ...
Source: The Edge Singapore   Full article at: The Edge Singapore May 29 2014, 11:29am CDT
 

Update: 1

Hasan Malek evades media over RM32 million Bank Rakyat loan scandal

Source: Malaysia Today

Elizabeth Zachariah, The Malaysian Insider The minister embroiled in the RM32 million Bank Rakyat loan scandal refused to take questions from the press today at an event in Kuala Lumpur.... READ MORE ...
Source: Malaysia Today   Full article at: Malaysia Today May 28 2014, 11:42pm CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
Based in New York City, Mark follows the consumer electronics industry like a hawk. A published book author, he has a particular affinity for 3D technology and video games, and as such will surely be in the market for a new pair of glasses soon. Mark can be contacted directly at mark@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

Fast &amp; Furious 7 Reaches Completion
Fast & Furious 7 Reaches Completion
The movie Fast & Furious 7 has reached completion amidst lovely messages for the late Paul Walker.
 
 
Pamela Anderson Bares True Feelings in Facebook Poem
Pamela Anderson Bares True Feelings in Facebook Poem
The sex symbol and pneumatic Pamela Anderson has bared her true feelings in a Facebook poem. She appears to be undergoing a crisis of conscience.
 
 
Teresa Giudice avoids Simple Answers to Questions
Teresa Giudice Avoids Simple Answers to Questions
Teresa Giudice recently avoided giving simple answers to questions regarding her prison sentence.
 
 
Microsoft CEO Satya Nadella addresses employees in an email
Microsoft CEO Satya Nadella addresses employees in an email
"I am committed to making Microsoft the best place for smart, curious, ambitious people to do their best work."