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.
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Music Midtown 2014 Blasts Through Piedmont Park
Music Midtown's one of Atlanta's biggest concerts and festivals and this year the stars came in droves. Eminem headlined while Jack White, John Mayer, Iggy Azalea, and Lorde all made their mark.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.