WASHINGTON — According to press reports, Sprint is dropping its bid to acquire competitor T-Mobile, scuttling a long-rumored $32 billon deal that would have consolidated the country’s third- and fourth-largest mobile providers.
WASHINGTON – On Friday at a status hearing, the Department of Justice discussed the possibility of postponing its legal challenge against the AT&T/T-Mobile merger. The Department of Justice may seek to delay the trial until AT&T refiles its request for approval of the merger with the Federal Communications Commission.
WASHINGTON -- On Tuesday, the Federal Communications Commission released a staff report regarding AT&T's proposed acquisition of T-Mobile. Although the FCC acknowledged AT&T's last-minute withdrawal of its formal application seeking approval of the deal, it rightly decided to release the staff's findings on the tremendous harms of the transaction.
WASHINGTON -- According to reports Saturday, AT&T is preparing to offer to divest as much as 40 percent of T-Mobile in an effort to win approval for the merger from the Department of Justice. The reports follow AT&T's announcement last Wednesday that it filed a motion with the Federal Communications Commission to withdraw its merger application.
WASHINGTON -- On Tuesday, the Federal Communications Commission announced the start of the process to reject the AT&T/T-Mobile merger. According to reports, FCC Chairman Julius Genachowski is circulating an order that would designate the merger for a hearing. The order effectively concludes that AT&T's bid to acquire T-Mobile is not in the public interest.