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AT&T Technology fight for T-Mobile

Posted by nasi On Wednesday, 23 November 2011 0 comments

AT&T Technology fight for T-Mobile
AT&T's chances of closing its $39 billion deal to buy T-Mobile USA are looking pretty slim as the FCC chairman officially expresses opposition to the deal. But how long will AT&T Technologies fight to keep the merger alive.

4G LTE technology

While details of the chairman's report assessing the merger have not been made public, officials told reporters on a conference call that in 99 out the top 100 markets in the U.S. a merger between AT&T and T-Mobile companies would harm competition. And officials refuted AT&T's claims that the merger will help it roll out new 4G LTE technology services faster and create jobs. 

AT&T's deal to buy T-Mobile

The FCC chairman's bold stance against the merger is just one more nail in what is looking more and more like a coffin for AT&T's deal to buy T-Mobile.There's no question that AT&T had a lot of confidence in being able to get the deal done when it announced the plan in March. The company was so confident in fact, that it agreed to pay a $3 billion break up fee to T-Mobile in term of cash. And it also agreed to give T-Mobile another $3 billion to $4 billion in assets, including spectrum, if the deal fell through. 

But the tide quickly turned for AT&T technology in August when the U.S. Department of Justice filed a lawsuit against to block the deal. Other lawsuits have followed, piling on to AT&T's woes. These lawsuits are from several states attorneys general, who say they aren't buying AT&T's arguments that it will create jobs or speed up deployment of their 4G network. And rivals Sprint Nextel and Cellular phones technology South have also filed suits to block the merger.Until this latest move by the FCC, analysts have given AT&T a less than 50 percent chance of closing the deal. Some even put the chances as low as 20 percent. While it's not a surprise that the FCC would come out against the merger given the Justice.

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