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AT&T Extends Date For T-Mobile Merger

Last March right before CTIA in Orlando when AT&T announced they intended to purchase T-Mobile for $39 billion dollars they thought that the sale would potentially close before the end of the year. Now of course, we know that it won’t.

A lawsuit from the Department of Justice along with suits brought by Sprint and C-Spire Wireless (formally Cellular South) AT&T’s plans have been delayed. AT&T won’t even see their day in court until February 13th.

AT&T is now saying they don’t expect the deal to close until the middle of 2012. AT&T said in March they expected some resistance to the deal but they probably weren’t expecting the lawsuits the deal is now facing. The U.S. Department of Justice suit alleges unfair competition.  The Sprint and C-Spire suits are for “injuries” that will come from the proposed merger.

U.S. District Court Judge Ellen Huvelle, approved Sprint’s suit for injuries that would potentially come from the market for wireless devices.  C-Spire’s injury suit stems injuries they would receive from roaming agreements they are in with other carriers.

source: Mobileburn

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