AT&T fighting to save T-Mobile deal2011-09-02 10:56 by DanielaTags: AT&T, T-Mobile
AT&T has a plan to save the $39 billion T-Mobile acquisition blocked by the U.S. government. The carrier has been trying to convince federal regulators and other skeptics that a merger with T-Mobile wouldn't be anti- competitive as some claim and would in fact provide benefits to consumers. The plan consists of 2 parts - first, it will try to keep T-Mobile’s subscription plans and rates at current levels, and Second, it will need to sell off up to 25% of T-Mobile’s business, potentially including airwaves and customers. If AT&T can't get the deal done, however, it reportedly would be forced to pay out $6 billion in the form of a break-up fee, which would include $3 billion in cash to T-Mobile USA, and $2 billion in spectrum space and $1 billion in a "roaming agreement to T-Mobile's parent Deutsche Telekom. Read the full Reuters story -here-
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