The CEO of Deutsche Telekom (parent company of T-Mobile USA), Timotheus Hoettges has mentioned that the merger of T-Mobile and Sprint is unlikely to go through due to regulatory obstacles that lie ahead of them. It was recently revealed that the FCC wasn’t really convinced with Sprint acquiring T-Mobile, so the CEO’s words don’t come as a surprise.
A new report from The Wall street Journal claims that Dan Hesse of Sprint and Masayoshi Son of Softbank will meet with FCC officials to discuss a possible merger and acquisition of T-Mobile. It was reported in late December that Softbank was in talks to acquire T-Mobile, but things could be much different with Sprint
Sprint recently released their first quarter earnings of 2013. The 3rd largest carrier in US managed to narrow down their losses as compared to their previous year’s figure and managed to improve their revenues to $8.8 billion. The company is having a bad phase right now and its plan to leave Nextel may somewhat
A proxy statement that was filed with the Securities and Exchange Commission (SEC) by MetroPCS says that the merger with T-Mobile USA has been in planning a whole lot longer than what was originally thought. T-Mobile’s parent company, Deutsche Telekon, attempted to merge with T-Mobile USA a mere two days after the company originally failed
T-Mobile and MetroPCS have shared to the media their plans of a merger to take on their bigger competitor. Reports suggest that their plans have already been approved and that they are now in the process of ironing out things. These companies are the fourth and the fifth largest wireless carriers in the United States,
Ever since the failed merger of AT&T and T-Mobile, speculation has been running rampant as to what AT&T is going to do next to help with the “spectrum crunch” and AT&T’s rising number of customers. Rumors have circulated that AT&T may consider buying MetroPCS or Leap Wireless, the parent company to Cricket Wireless. Cricket said
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.”
At one point in time it was believed that getting European Union approval of the proposed Google/Motorola merger would be one of the hardest parts of completing the whole deal. It looks like that wasn’t the case as Google announced this morning that European regulators have approved Google’s purchase of Motorola. This comes fresh on
Several Silicon Valley area websites are reporting that current Motorola Mobility CEO, Sanjay Jha may be out after the merger with Google is complete. If that’s the case Jha has a golden parachute and will be just fine, but who does that leave to run Motorola? If the rumors circulating Tuesday are true than Google’s
Monday afternoon AT&T announced that they were no longer seeking to merge with T-Mobile. That leaves AT&T on the hook for a $4 billion dollar break up payment to the nations 4th largest carrier. It hasn’t looked good for the proposed merger since Thanksgiving. That was when AT&T withdrew it’s application to merge with T-Mobile
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
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.
Over the Thanksgiving Holiday AT&T withdrew it’s application to merge with T-Mobile from the FCC. This came in response to FCC Chairman Julius Genachowski requesting an FCC administrative hearing on the proposed merger. It was also widely speculated that AT&T was hoping to suppress information that the FCC may release during that hearing. The FCC
The proposed AT&T/T-Mobile merger came to a head over the Thanskgiving holiday weekend as AT&T and Deutsche Telekom withdrew their application for merging from the Federal Communications Commission (FCC). Just as many American’s were preparing for their Thanksgiving weekend, FCC Chairman Julius Genachowski had requested that the merger go to an administrative hearing by the