Monday, April 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Toshiba Weighs Memory Chip Unit Options
Google Chat Launches to compete with Apple's iMessage
ASUS ZenFone Max Pro M1 Brings Great Value Priced at Just $165
Meizu 15 series Phones Unveiled With No Notches
LG CineBeam Laser 4K Beam Projector Available For Preorder
Semiconductor Revenue Grew in 2017 as Samsung Takes Over No. 1 Position
AMD Details New 35W Ryzen 3 2200GE, Ryzen 5 2400GE APUs With Graphics Built in
Samsung QLED TVs Receive '100 Percent Color Volume' Certification
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > AT&T an...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 24, 2011
AT&T and Deutsche Telekom Withdraw FCC Applications


Deutsche Telekom and AT&T withdrew their application for approval by the Federal Communications Commission of a planned $39 billion deal for T-Mobile USA to focus on obtaining the green light from the Department of Justice.

After the Federal Communications Commission (FCC) on November 22 announced that it is circulating a proposed order that would designate the sale of T-Mobile USA to AT&T for hearing, both Deutsche Telekom and AT&T today withdrew the pending applications regarding the sale of T-Mobile USA. The pending applications are listed in the Public Notice released by the Federal Communications Commission on April 28, 2011 in that proceeding. The companies say that they are continuing to pursue the sale of T-Mobile USA to AT&T.

"This formal step today is being undertaken by both companies to consolidate their strength and to focus their continuing efforts on obtaining antitrust clearance for the transaction from the Department of Justice," the companies said in a statement. "As soon as practical, Deutsche Telekom and AT&T intend to seek the necessary FCC approval."

In addition, AT&T has announced it expects to recognize a pretax $4 billion accounting charge to reflect the potential break up fees due to Deutsche Telekom in the event that the transaction does not receive regulatory approval.

The U.S. Department of Justice went to court in August to oppose AT&T's purchase of T-Mobile from Deutsche Telekom on antitrust grounds. A trial in that case is due to begin on February 13.


Previous
Next
Microsoft Moves Closer To Yahoo        All News        Nokia Applies For Delisting From Frankfurt Stock Exchange
Samsung Launches Wave 3 in Global Markets     Mobiles News      Nokia Applies For Delisting From Frankfurt Stock Exchange

Get RSS feed Easy Print E-Mail this Message

Related News
T-Mobile to Bring 5G Network in 30 Cities
Nokia, T-Mobile US and Intel Collaborate to bring T-Mobile's First Commercial Hardware Based 5G 28 GHz Cell on Air
T-Mobile Enters The pay-TV Market With the Acquisition of Layer3 TV
T-Mobile and Sprint End Merger Discussions
Sprint, T-Mobile Merger Talks Stopped: report
SoftBank Agrees on T-Mobile - Sprint Merger: report
T-Mobile to Offer Free Netflix Plan
Sprint, T-Mobile Said to Begin Merger Talks
T-Mobile to Roll Out 5G in U.S. in Two Years
FCC Announces Airwaves Auction Results, T-Mobile, Dish bid $14 billion
T-Mobile Says Unlimited Plans Will Be The Only Option For New Customers
T-Mobile to Pay $48 Million Settlement Over Unlimited Data Plan Disclosures

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .