AT&T-T-Mobile Deal Stayed till January 18th

December 13, 2011, By Sanjeev Ramachandran

AT&T has been given some holiday time to think through their T-Mobile takeover. The judge has agreed to stay the legal proceedings until January 18.

The time should be enough for AT&T to figure out how to redeem their deal. The Department of Justice had asked the US District Court Judge to not grant the wireless network a speedy trial.

This was because AT&T had withdrawn its application from the Federal Communications Commission. Ma Bell didn’t expect the FCC and the DOJ to be a couple of tough giants when the carrier had proposed the $39-billion deal.

The original date for the conference to take place was scheduled for Thursday, but now the Judge Ellen Huvelle has allowed a month’s reprieve. The scheduled status conference is at 2pm EST on January 18th.

The authorities said that prior to the scheduled date AT&T and T-Mobile’s parent Deutsche Telekom have until the noon of Jan 12 to submit their report:

“ …a status report describing the status of their proposed transaction, including discussion of whether they intend to proceed with the transaction at issue in this litigation, whether they intend to proceed with another transaction, the status of any related proceedings at the Federal Communications Commission, and their anticipated plans and timetable for seeking any necessary approval from the Federal Communications Commission.”

AT&T has released a statement that quite doesn’t give a specified response:

“AT&T is committed to working with Deutsche Telekom to find a solution that is in the best interests of our respective customers, shareholders and employees. We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals so that we can deliver the capacity enhancements and improved customer service that can only be derived from combining our two companies’ wireless assets.”

© 2008-2012 - All rights reserved | Privacy Policy