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Asset Sale Approaching For AT&T Next

Asset Sale AT&T T-MobileRethinking is still on the cards meaning both marketing slogan of AT&T and the key summary of the challenges the US-based telecom giant is currently facing for covering a $39 billion T-mobile purchase looks dubious.

AT&T and Deutsche Telekom (the corporate parent of T-Mobile) acknowledged that the contract got troublesome for the announcement in a Thanksgiving Day. The companies claimed they had withdrawn, at least for now, the application to FCC (Federal Communications Commission) for joining their Cell phone operations. The companies also added that it would charge $4 billion against AT&T’s earnings. To be more obvious the break up fees amount solely owed to AT&T’s parent company if the deal ceases.

The company’s so called withdrawal of the application submitted to F.C.C was just a tactical move that followed the commission chairman’s denial to support the controversial deal that was made a couple of weeks earlier.

Meanwhile, for addressing the allegation of the Department of Justice and F.C.C, AT&T may agree give up 40% or assets of T-Mobile to rival companies.

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