AT&T Withdraws FCC Application to Buy T-Mobile; Will Focus on U.S. Anti-Trust Suit

Discussion in 'Android News' started by dgstorm, Nov 25, 2011.

  1. dgstorm

    dgstorm Editor in Chief
    Staff Member Premium Member

    Joined:
    Dec 30, 2010
    Messages:
    11,018
    Likes Received:
    3,979
    Trophy Points:
    823
    Location:
    Austin, TX
    Ratings:
    +4,254
    [​IMG]

    It looks like the AT&T and T-Mobile merger is now likely dead. AT&T has officially withdrawn its application to the FCC to acquire the company. Instead they plan on focusing their money and efforts to defend themselves against the anti-trust lawsuit that the United States Department of Justice has brought against them. Last week, Federal Communications Commission Chair Julius Genachowski, called for an FCC hearing on the merger, and the following was included in his statement of the issue, “...the deal would significantly diminish competition and lead to massive job losses.”

    Another reason cited for the pullout was that, since the merger was looking bad for them anyway, AT&T knew they would have to pay out a $4 Billion "breakup fee" to Deutsche Telekom (owners of T-Mobile USA) for the failure, and they wanted to reserve cash for that. Here is the full press release,
    Source: Android.net and TalkAndroid: (1), (2)
     
    #1 dgstorm, Nov 25, 2011
    Last edited: Nov 25, 2011
  2. ilikemoneygreen

    ilikemoneygreen Silver Member

    Joined:
    Apr 7, 2010
    Messages:
    2,580
    Likes Received:
    18
    Trophy Points:
    103
    Location:
    AZ, Superstition MTNs!
    Ratings:
    +18
    shocker.:happy3:
     
  3. npro1464

    npro1464 Member

    Joined:
    Sep 17, 2010
    Messages:
    416
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    NJ
    Ratings:
    +8
    Occupiers-1, AT&T-0
     
  4. eagle1967

    eagle1967 Developer
    Developer

    Joined:
    Dec 20, 2009
    Messages:
    1,239
    Likes Received:
    71
    Trophy Points:
    48
    Location:
    colorado
    Ratings:
    +77
    this is all over the net. and its been said several times that the reason they pulled it was they were getting ready to show their findings that would have proved that att's claims it being a job creator and better for the customers was not anywhere near a reality. so they pulled it so those findings weren't revealed to the judge in the case.
    this isnt them giving up its strategic. what to watch is does this 4 million reappear after this is approved or did that money just disappear prior to the deciding factors all getting revaluations as to what a great deal this really was and they were just mistaken.
     
  5. zomnomnombie

    zomnomnombie Active Member

    Joined:
    Mar 25, 2011
    Messages:
    788
    Likes Received:
    36
    Trophy Points:
    28
    Ratings:
    +36
    I am pleased.

    Sent from my R2 unit using DroidForums
     
  6. RETG

    RETG Active Member

    Joined:
    Jul 8, 2010
    Messages:
    570
    Likes Received:
    56
    Trophy Points:
    28
    Location:
    West of the Rockies, East of the Pacific
    Ratings:
    +66
    I agree? Exactly what they want. T-mobile will close as per Deutsche Telekom's statement from a year ago, and all those NON-union workers will be laid off and the big evil T-mobile will be gone.

    It will be interesting to see which of the three remaining large evil companies will soak up the customers.
     
  7. tjk629

    tjk629 Silver Member

    Joined:
    Jan 5, 2010
    Messages:
    3,040
    Likes Received:
    65
    Trophy Points:
    113
    Ratings:
    +65
    Current Phone Model:
    NEXUS 6
    MetroPCS will gobble them all up!
     
  8. ilikemoneygreen

    ilikemoneygreen Silver Member

    Joined:
    Apr 7, 2010
    Messages:
    2,580
    Likes Received:
    18
    Trophy Points:
    103
    Location:
    AZ, Superstition MTNs!
    Ratings:
    +18
    i see your sarcasm. Tmobile is one of the largest U.S. Carriers. That is highly desirable.... If At&T does not get to merge with them then the next day they arent going to completly shutdown. lol. Its not dramatic like you said. At worst DK does close down Tmobile but out of that all the spectrum and hardware i guarentee it will be passed around to many of the smaller carriers and even at&t will get some. That in itself would be a lot better for competetion then 2 of the 4 largest carriers merging. And im sorry if im misreading the sarcastic tone but Tmobile isnt the big evil people dislike...I would think the big evil would be AT&T since they would be eating tmobile... Just my IMO.
     
  9. zomnomnombie

    zomnomnombie Active Member

    Joined:
    Mar 25, 2011
    Messages:
    788
    Likes Received:
    36
    Trophy Points:
    28
    Ratings:
    +36
    Your statement would be poignant except that AT&T has agreed to sell off 40% of T-Mobile's assets. Which translates into lost jobs. And if AT&T doesn't get this deal they'll offer to sell more of T-Mobile. So yeah AT&T really cares about saving jobs.

    I'd like to see T-Mobile merge/sell spectrum to Sprint or Comcast or something that isn't Verizon or AT&T.


    Sent from my R2 unit using DroidForums
     
  10. RETG

    RETG Active Member

    Joined:
    Jul 8, 2010
    Messages:
    570
    Likes Received:
    56
    Trophy Points:
    28
    Location:
    West of the Rockies, East of the Pacific
    Ratings:
    +66
    I never said AT&T cares about jobs...they don't, they care about the bottom line just like most corporations.

    Let's do some basic math. Forty percent lost jobs with AT&T vs. 100 percent of lost jobs when T-Mobile closes their doors. I wonder what the larger actual number of people losing their jobs would be? Sometimes a merger might actually save jobs if one of the companies is actually going to shut down its US operations. Doesn't happen much, but it can happen.

    Besides, I was being sarcastic in the non-union job comment. If you don't remember, a few weeks ago, a bunch of occupiers, let by Union jerks, marched on T-mobile because they are non-union. “Occupy” Protesters And Communication Workers To March On New York T-Mobile Store

    The occupiers have won nothing in this fight with the possible breakup of this so-called merger. This was probably a failed idea before there was even one occupier on wall street. However, I would not say it was 'denied' as in the graphic, and I would not say it is over with. I do believe AT&T will come back and try something different. Possibly, they will wait until T-mobile announces it is shutting down and then move into the purchase.

    As for Sprint merging with T-Mohope? I would hope Sprint has learned their lesson on purchasing or even merging with a company using a different system (remember Nextel?). Besides, has Sprint made any profits lately? Do they have any cash to do a purchase? I don't think so, but since I own no Sprint stock and have no intention of owning any, I have not looked at their spreadsheets.

    One way or the other, a heck of a lot of people will lose their T-mobile jobs. The secret is to prevent ALL of the jobs to be lost and if that means a merger with AT&T or another large company, so be it. (I might add here that I am no lover of AT&T, been there, done that, and it was a terrible experience.) If the economy was strong, many of those people losing jobs when T-mobile closes would be absorbed by other telecoms, but in this day-and-age of a very crappy economy, I don't see many being picked up.
     
  11. SFGate

    SFGate Guest

    Ratings:
    +0
    Glad to hear this plan is scrapped for the near future.
     
  12. eagle1967

    eagle1967 Developer
    Developer

    Joined:
    Dec 20, 2009
    Messages:
    1,239
    Likes Received:
    71
    Trophy Points:
    48
    Location:
    colorado
    Ratings:
    +77
    tmobile has continued to upgrade while this merger was being worked on. not sure where this they wil close their doors comes from thats not ever been discussed that i have seen.

    Google come buy tmobile :)