The U.S. Department of Justice has today approved the proposed merger between T-Mobile and Sprint, finally bringing together two of the top four carriers of the country. It is important to know that this decision was made after multiple speculative reports about the merger emerged. However, the two carriers will be relieved with this news,
The upcoming merger of T-Mobile and MetroPCS has hit a snag as the Department of Justice has requested the Federal Communications Commission to halt its review of the merger. The merger will make Deutchse Telekom, the parent company of T-Mobile, the owner of prepaid regional carrier MetroPCS. In the agreement, MetroPCS shareholders will be getting
On Monday we reported that the European Union’s regulators approved the pending sale of Motorola Mobility to #google. Now, it looks like the United States Department of Justice has approved the pending merger as well. The DOJ has closed the antitrust investigation and released this statement saying the acquasition was “unlikely to substantially lessen competition.”
Typically withdrawing a lawsuit would be seen as a victory for the defendant but not in the case of the nations second largest wireless carrier AT&T. The Department of Justice is considering whether or not to halt or withdraw it’s lawsuit against AT&T and their proposed merger with T-Mobile, the nations fourth largest wireless carrier.
The largest independently owned regional wireless carrier in the country, Cellular South, filed a lawsuit Tuesday, in an attempt to block the pending AT&T/T-Mobile merger. Cellular South is the 9th largest carrier in the US by sales and operates in Mississippi, Alabama, Louisiana, Florida and Kentucky. Despite being a smaller carrier, Cellular South joins the
Last month we reported that AT&T had already spent $7 million dollars in lobbying efforts to secure their deal to purchase 4th place wireless carrier T-Mobile. At that time Sprint had reportedly only spent $583,000 in lobbying efforts to oppose the same deal. Adweek is reporting that by the end of the second half of
Last week, we saw Sprint Nextel Corp. beat down the AT&T/T-Mobile deal, stating each and every reason why this merge in no good and will not do competition or consumers any good. However, this week AT&T executives are taking to their stance on the AT&T deal with T-mobile on the road.
Remember that big news we heard about at the beginning of the week about AT&T and T-Mobile? Well, more news has surfaced regarding this $39 billion dollar deal and from the looks of it the FCC is going to be making them jump through hoops if they want to see this merger be approved. According to the