AT&T And T-Mobile USA Put Their Proposed Merger Talks On Hold, For Now

The biggest proposed merger of this millennium is being postponed. AT&T and Deutsche Telekom advised Judge Huvelle this morning that they wish to stay any further Court proceedings until January 18, 2012, to allow the two companies time to evaluate all options.  The U.S. Department of Justice joined in the filing. Recently, the DoJ put up a fuss about the proposed merger, and it's becoming crystal clear that the two involved companies are now scrambling behind the scenes to get their ducks in a row.

Here's a quote from AT&T about the move: "AT&T is committed to working with Deutsche Telekom to find a solution that is in the best interests of our respective customers, shareholders and employees.  We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals so that we can deliver the capacity enhancements and improved customer service that can only be derived from combining our two companies' wireless assets.”

In other words, don't expect any groundbreaking news about this until after CES 2012; once that's over, though, you may hear some Earth-rocking news right around Mobile World Congress. It'll be fitting, no?
Via:  AT&T
LLeCompte 2 years ago

Seems to me that the deal is dead and that ATT and DT are planing on how to handle their break up. You know, who gets to keep the dogs, who gets the fine china, stuff like that. Hopefully Tmo Gets some sweet cash, spectrum, and rides the wave to LTE (and hopefully i get to keep my job at Tmo :) )

EDIT: i meant keep not get.  I already work there and want to stay there :)

CDeeter 2 years ago

Good luck on your job, hope you get it!

der meister 2 years ago

^I agree. I didn't think this merger would happen.

erikiksaz 2 years ago

Well, I heard that Tmo only gets the breakup bonus if the deal is completely unsuccessful by a certain date. Hopefully ATT is not dragging out this deal to avoid that breakup fee.

ThunderBird 2 years ago

I wish AT&T would quit hiding behind the they "need" this spectrum to enhance the customer experience.

This is pure monopoly and will benefit no one but AT&T shareholders. They will push through price increases,,This is a bad deal!!!!

jonation 2 years ago

they need to spend money on their customers by enhancing their towers.

deadmanet 2 years ago

I'm hoping it don't go through myself, I for one am happy with my T-Mobile service the way it is. I've had nothing but issues with AT$'s hoping!

CDeeter 2 years ago

I thought this was a bad idea to begin with. There aren't enough competitor's for Verizon and AT&T as it is.

Ivan92116 2 years ago

Thankfully this was stopped. Both Verizon & AT&T have gotten too big....we need Sprint and T-mobile to exist to prevent an oligopoly.

jdnorthwest 2 years ago

Translation of AT&T's comment. "We really though they liked us. We never thought we'd actually have to pay the $4B and give up spectrum, seriously why do we spend all this money on lobbyist if they can't make the magic happen when we need it. Someone get my Merger and Acquisition team lead a drink."

ajm135 2 years ago

At&t must love the game monopoly cause they have been playing it for years. With all those bell companies where they owned all them then disbanded them now they own them again. And now At&t is shooting for a GSM monolopy and then if it goes thru they will have to sell tmobile and then buy them again. Life is fun.

ADill 2 years ago

Aww i was hoping for a takeover!

AKwyn 2 years ago

This was a very bad idea, and one which seems like it'll never fully happen; due to the government's suing to stop the merger and all... I agree with everyone else, not enough competition and very monopolistic.

Now only time will tell whether or not the merger will go through again or if AT&T will lose a ton of money to T-Mobile; which I'm hopeful will go to it's mobile division. It'd seem unlikely due to AT&T's desire to gain everything and not lose a ton of money when the deal goes in the toilet.

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