Printed from http://www.electronista.com

AT&T officially files T-Mobile merger with FCC

updated 05:20 pm EDT, Thu April 21, 2011

AT&T further details $39b T-Mobile deal

AT&T on Thursday said its planned buyout of T-Mobile for $39 billion has now been officially sent out for FCC approval in order to get T-Mobile's wireless licenses. With the deal approved by both companies' Boards of Directors, the FCC is the only potential problem with the conclusion of the merger, with an FCC official saying earlier some changes will need to be made. As such, AT&T said the merger would result in 97.3 of Americans to eventually have access to high-speed wireless services rather than the 95 percent initially estimated back in March.

The deal would fast-track innovation and economic growth thanks to this option, the carrier argued.

Sprint, the third biggest operator behind AT&T and T-Mobile, opposes the deal, arguing it would be bad for competition and innovation. The deal would make AT&T the biggest wireless provider by a significant margin.

The transaction would give Deutsche Telekom, T-Mobile's old owner, an approximate eight percent ownership interest in AT&T. A Deutsche Telekom representative would also join AT&T's board of directors.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Sponsor

toggle

Most Commented

 
toggle

Popular News