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Deutsche Telekom Ag
Latest Deutsche Telekom Ag Items
The Justice Department's move to block AT&T Inc. from buying T-Mobile USA is motivated by the desire to keep a low-priced competitor in the game. But that's a game T-Mobile is losing.
AT&T isn't ready to give up on a proposed $39 billion merger with T-Mobile just yet.
Some key dates in wireless carrier AT&T Inc.'s effort to buy competitor T-Mobile USA, which was threatened Wednesday after the Justice Department filed a lawsuit to stop it from going through:
AT&T Inc. is pledging to bring 5,000 wireless call center jobs, currently based abroad, back to the U.S. if it is allowed to proceed with its proposed $39 billion acquisition of T-Mobile USA.
The Justice Department's rejection of AT&T's proposed purchase of T-Mobile USA will test new federal guidelines on challenging mergers and the companies' resolve in forming the nation's largest wireless carrier.
T-Mobile USA continued to lose wireless customers in the second quarter, but did a better job of keeping them than it had during the first three months of the year, when subscribers fled in record numbers.
Top executives from AT&T and T-Mobile USA faced off against top officials from Sprint Nextel and Cellular South on Capitol Hill Wednesday as lawmakers considered whether AT&T's proposed $39 billion acquisition of T-Mobile would produce better mobile service for consumers or crush competition in the wireless industry.
T-Mobile USA lost a record number of subscribers in the first three months of the year, posing a conundrum for regulators as they look at whether to let AT&T Inc. buy the smaller carrier for $39 billion.
AT&T's surprise announcement that it plans to acquire T-Mobile USA will force federal regulators to confront a difficult antitrust question: Can American consumers get good wireless service at a fair price if they must choose between just two national companies?