Printed from http://www.electronista.com

AT&T, T-Mobile move to stay trial to 'evaluate all options'

updated 02:50 pm EST, Mon December 12, 2011

ATT hints second thoughts on DOJ trial on merger

AT&T and T-Mobile together asked the judge in the Department of Justice's antitrust lawsuit to stay the process until January 18. The two, supported by the DOJ itself, wanted time to "evaluate all options," the carriers said in a statement. It hinted that no option was off the table, including either major concessions or leaving it unchanged in what would likely be a decision to exit the deal altogether.

"We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals," AT&T said.

At a minimum, the postponement if granted would rule out a merger wrapping up before the one-year anniversary of its announcement in late March this year. The lawsuit itself came after the DOJ concluded that AT&T's proposed sacrifices weren't enough and could see AT&T make very large concessions if it had any hope, such as 40 percent or more of T-Mobile's assets.

AT&T has argued that it can "only" get the network improvements it needs if it buys T-Mobile for $39 billion. That argument may have been dampened by AT&T's own strategy, whose marketing blitz not only sparked questions about the truth of its claims but saw AT&T itself admit that it only needed $3.8 billion for the LTE side of its expansion.



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

SMS Audio Sync Sport on-ear headphones

When hitting the gym or going out for a trail run, headphones can cause a number of problems. From the ear buds getting slimy with swe ...

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Sponsor

toggle

Most Commented

 
toggle

Popular News