AT&T Merger Plans for T-Mobile Officially Dead

December 20, 2011 -

AT&T has officially announced that its merger plan with T-Mobile is pushing up daises, but it also takes a few shots at the government for running interference to kill the deal. The $39 billion deal with T-Mobile parent company - Germany-based Deutsche Telekom - fell apart after government regulators from the FCC and the Justice Department took AT&T to task over what the company claimed the deal would accomplish. The Justice Department sued to block the deal in late August, calling it anti-competitive and warning that  it could raise consumer prices. The FCC was about to engage in a similar legal action when AT&T decided to withdrawal from the process altogether.

AT&T used the announcement to lambaste the government over the head, saying that government opposition and a lack of ways to grow its airwaves was a problem for everyone in the mobile space.

“The actions by the Federal Communications Commission and the Department of Justice to block this transaction do not change the realities of the U.S. wireless industry,” wrote AT&T in a statement. “It is one of the most fiercely competitive industries in the world, with a mounting need for more spectrum that has not diminished and must be addressed immediately. The AT&T and T-Mobile USA combination would have offered an interim solution to this spectrum shortage. In the absence of such steps, customers will be harmed and needed investment will be stifled.”

AT&T also said that it would "continue to be aggressive in leading the mobile Internet revolution," and that it has invested more money over the past four years in its networks "than any other U.S. company.”

“The mobile Internet is a dynamic industry that can be a critical driver in restoring American economic growth and job creation, but only if companies are allowed to react quickly to customer needs and market forces,” said Randall Stephenson, AT&T chairman and CEO.

The bad news for AT&T investors is that the company expects to take a serious hit because of the deal. AT&T said that it expects to take a charge of $4 billion the fourth quarter of 2011 to pay off the breakup penalty fee to Deutsche Telekom. On the plus side it expects to enter into "a mutually beneficial roaming agreement with Deutsche Telekom" too.

Source: Techland


Comments

Re: AT&T Merger Plans for T-Mobile Officially Dead

I refuse to credit the government for putting a stop to this blatant attempt at reducing people's options solely for profit.

I'll just tell myself Chuck Norris did it. Yeah. Somebody got a nice roundhouse kick to the balls and it was all over. Makes sense.

Re: AT&T Merger Plans for T-Mobile Officially Dead

So, their idea of "reacting to customer needs" is to gobble up one of the lowest-price carriers so they can eliminate that option from the market and screw people even harder, since they'll have even fewer options to switch to?  Yeah, nobody is buying your bullshit, AT&T.

Re: AT&T Merger Plans for T-Mobile Officially Dead

Would love to put a few more bullets in it to make sure.

Re: AT&T Merger Plans for T-Mobile Officially Dead

This pleases me.  Competition is the only thing keeping companies from pulling stunts like AT&T is trying to do with data usage limitations.

Re: AT&T Merger Plans for T-Mobile Officially Dead

There is a god.

 
Forgot your password?
Username :
Password :

Poll

Which group is more ethically challenged?:

Shout box

You're not permitted to post shouts.
E. Zachary KnightSo if it is going to turn out to be a bad scene, why even bother writing it?07/01/2015 - 8:07am
E. Zachary KnightMatts, Goth, The article, and others I have read making the same conclusion, state that most people fail in their attempts to write rape scenes without being overly offensive or overly incompetent in their attempt.07/01/2015 - 8:07am
Adam802http://www.sfgate.com/news/article/Ex-Sen-Leland-Yee-may-be-headed-for-a-plea-deal-6358941.php07/01/2015 - 7:12am
Adam802Possible plea deal in Yee case: http://www.mercurynews.com/crime-courts/ci_28408532/leland-yee-case-plea-deal-appears-likely07/01/2015 - 7:11am
MattsworknameInfo, Im with goth on this, the moment people start saying "You can but you shouldnt" thats a slow slide into censorship07/01/2015 - 6:05am
InfophileIn other words, you stopped when you found out it was arguing for a position you disagreed with, but before you found out why.07/01/2015 - 5:29am
Goth_Skunk"In short, anyone can write a rape scene—but should they? Chances are, the answer is no." And that's where I stopped reading.07/01/2015 - 5:11am
InfophileRelevant to our discussion of rape in fiction yesterday: http://www.wired.com/2015/06/rape-scenes/07/01/2015 - 4:58am
Mattsworknameof players, over and over for the last seveal years. Among non RPG games, which make up the vast majority of current games, I think that you still see a large scale disparity between male and female in the AAA industry.07/01/2015 - 1:36am
Mattsworknamewilson. Out of RPG players yes, thats true, and in pc ciricles im not suprised, but RPGS make a small fraction of Console games these days and while pc gaming is seeing a resurgance, MMOs are actually retracting in size , as shown by WOW losing millions07/01/2015 - 1:33am
Matthew Wilsonhere is the study to prove it. http://www.pcgamer.com/researchers-find-that-female-pc-gamers-outnumber-males/07/01/2015 - 1:17am
Matthew Wilson@matt wrong over half of rpg players, both singleplayer and mmos, are female.07/01/2015 - 1:15am
MechaCrashRight, women don't usually play AAA games because none are aimed at them because they don't play them because none are aimed at them because okay you see where I'm going with this.07/01/2015 - 1:11am
MattsworknameI think the better path is this, more games built to give you the Choice of playing as male or female, and give the females good voice actors07/01/2015 - 1:08am
Mattsworknameup more then a fraction of the AAA games industry, but they make up a much larger part of the moble market.07/01/2015 - 1:04am
Mattsworknameandrew is right, to a point, as you are seeing a slow increase of women in games, but the sales shows that the lions share of gaming money comes from a male demo, and while andrew is right that it is changing, it's gonna be a LONG time before women make07/01/2015 - 1:04am
Andrew EisenI think more professional gamblers should get into games publishing. They'll play the odds but they'll also take risks to maximize profits.06/30/2015 - 11:57pm
Andrew EisenAt the end of the day, the ball is rolling and it's rolling in the right direction. Maybe not as fast as we'd like, but it is moving. All we can do is play the games that interest us and make our thoughts known.06/30/2015 - 11:55pm
Matthew Wilsonits unfortunate that the dataset is so tiny for female leads, and is a mixed bag, so money people get the wrong idea.06/30/2015 - 11:54pm
Andrew Eisen"Duke Nukem Forever sold poorly. See? Games staring white guys don't sell!" Pretty silly thing to say.06/30/2015 - 11:50pm
 

Be Heard - Contact Your Politician