T-Mobile's $3B Cash Break Up Fee from AT&T will Save it for a While

We mentioned this morning that AT&T decided to pull out of the proposed purchase of T-Mobile and has been forced to cough up $4 billion in cash and wireless spectrum for backing out. T-mobile parent company Dutsche Telekom has announced that the massive $3 billion cash payment for backing out of the deal will hold T-Mobile over for a while.

Estimates say that the $3 billion will cover the expenses for T-Mobile for the next 12 to 24 months before T-Mobile needs to look again for a new partner. Analysts Wolfgang Specht says that if the funds run out before T-Mobile has a partner in place it will not have enough cash flow to cover capital spending.

The deal fell through once it became apparent that the sell of of T-Mobile assets wasn’t enough to satisfy US regulators. AT&T and T-Mobile merged would have made AT&T the largest of the carriers in the US. T-Mobile isn't doing well though and has lost 849,000 contract customers in the last nine months.

Updates

Galaxy S III to Arrive at T-Mobile USA on June 20th

Source: Softpedia

There has been a lot of speculation on whether wireless carrier T-Mobile will be among those to sell the newly launched Galaxy S III, but new info seems set to put that to a rest. According to leaked details that emerge ...
Full article at: Softpedia  More like this  3 hours ago

Hot Deal: T-Mobile’s HTC One S available for $125 from Wirefly through Memorial Day weekend

Source: IntoMobile

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He ...
Full article at: IntoMobile  More like this  5 hours ago

Too Early to Call: Five Mobile Giants

Source: PRWeb

The impact of Internet and mobile-based competition on the payments industry is at an early stage. But it is changing as innovative approaches to engage the consumer shift brand awareness and revenue opportunities. Mobile payments and commerce tra ...
Full article at: PRWeb  More like this  7 hours ago

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