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AT&T Issues Statement On T-Mobile Merger

Things aren’t looking good for AT&T and their quest to merge with T-Mobile. As we all know by now AT&T withdrew their application to merge with T-Mobile over the Thanksgiving holiday.  Now they’ve asked the department of justice to postpone their court case until January, however they definitely don’t want the DOJ to throw out the case.

Today they issued a statement on where they are with the merger:

“AT&T and Deutsche Telekom advised Judge Huvelle this morning that they wish to stay any further Court proceedings until January 18, 2012, to allow the two companies time to evaluate all options.  The U.S. Department of Justice joined in the filing.

“AT&T is committed to working with Deutsche Telekom to find a solution that is in the best interests of our respective customers, shareholders and employees.  We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals so that we can deliver the capacity enhancements and improved customer service that can only be derived from combining our two companies’ wireless assets.”

As we interpreted the statement it looks like AT&T may be rethinking the entire merger. Shortly after withdrawing their application it was reported that AT&T and Deutsche Telekom may be exploring options for a joint venture of sorts.

source: AT&T

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