Friday, September 2, 2011
AT&T ready to sell 25% of T-Mobile to make the merger happen
AT&T ready to sell 25% of T-Mobile to make the merger happen
The Department of Justice in USA recently filed suit against the AT&T's acquisition of T-Mobile in order to ensure the users fair market and eventually prevent mobile services price increase.
It seems AT&T wants this deal so badly that it's ready to sell 25% of T-Mobile in order to settle the antitrust suit before it goes to court and get the FCC and Department of Justice approvals.
Even if this settlement goes official, there is another problem on the table - who will buy those 25%? According to an antitrust enforcer, Verizon and Sprint will be "a no-go". So AT&T must be looking for an international buyer that is ready to step on American soil and take 25% of T-Mobile's assets (cell towers, customers, etc.).
Much like AT&T, the Department of Justice is also determined to see this through the way it's supposed to be - not allowing AT&T to become America's sole GSM carrier. An aquisition like that would also shoot the AT&T to the top, overtaking Verizon's first spot.
source: gsmarena.com
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