Printed from http://www.electronista.com

Judge schedules settlement discussion for AT&T, T-Mobile

updated 06:50 pm EDT, Wed September 7, 2011

Carriers to meet with DoJ

A federal judge has reportedly scheduled a status conference for the Department of Justice lawsuit against AT&T and T-Mobile. All parties have been asked to be prepared to "discuss the prospects for settlement" at the hearing, which is slated for September 21, while a case management and scheduling plan must be presented by September 16.

Although Judge Ellen Segal has allotted time for settlement negotiations, it remains unclear if the parties will agree on such a deal early in the proceedings. The carriers also face a separate lawsuit, which was filed earlier this week by Sprint.

Recent reports suggest AT&T's final price for the T-Mobile buyout may be variable, protecting AT&T from taking a significant hit if the government requires the carrier to sell of regional assets to quell antitrust concerns. Clauses in the acquisition agreement are also said to leave a door out for AT&T if the government asks for asset divestment worth more than 40 percent of the $39 billion asking price.

The DoJ has yet to publicly outline a list of requirements that AT&T and T-Mobile must meet before the lawsuit is dropped, however acting assistant attorney general Sharis Pozen suggests the government is open to reaching some form of settlement. [via DealBook]



By Electronista Staff
toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

iRig Pads

When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

DoxieGo Portable Scanner

Sometimes, people need to scan things, but having a computer at hand to do so isn't exactly feasible. Maybe it's the home of a relativ ...

Sponsor

toggle

Most Commented

 
toggle

Popular News