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16

AT&T withdraws bid to buy T-Mobile

AT&T drops bid for T-Mobile

There is no joy in Dallas tonight.

After thoroughly reviewing the matter, AT&T has decided to end its bid to acquire T-Mobile. Even though the Justice Department, Federal Communications Commission and other industry members may disagree, AT&T still holds the position that such a merger would have been a good thing citing the need for more spectrum.  Spectrum needed to handle the growing consumer demand.

AT&T pledges to continue to be aggressive in leading the mobile revolution but took the opportunity to challenge policy makers to do their part. Chairman and CEO Randall Stephenson stated,

“To meet the needs of our customers, we will continue to invest. However, adding capacity to meet these needs will require policymakers to do two things. First, in the near term, they should allow the free markets to work so that additional spectrum is available to meet the immediate needs of the U.S. wireless industry, including expeditiously approving our acquisition of unused Qualcomm spectrum currently pending before the FCC. Second, policymakers should enact legislation to meet our nation’s longer-term spectrum needs."

The penalty for withdrawing the acquisition proposal.. $4 Billion that will be charged against the 4th Quarter of 2011. On the plus side, AT&T will enter into a mutually beneficial roaming agreement with Deutsche Telekom. So while the sale fell through, an AT&T and T-Mobile partnership may still be a possibility.

Source: AT&T

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Comments

There are 16 comments. Sign in to comment

Cyruss1989 says:

There is no press release on the German Telekom homepage, I wonder if it was a surprise for them too...

futurix says:

They are too busy celebrating $4 billion windfall :-)

Luisraul924 says:

So... T-Mobile goes out of business and then AT&T buys the spectrum they were after anyway via auction, and all the customers get fucked in the ass?

I would think a Sprint/T-Mo merger would be more likely (and preferable).

starblade876 says:

How would that work out with the different network technologies? Would it make phones more expensive and less battery efficient if they try to use both networks?

No idea, but Sprint has 4G (WiMax and moving towards LTE) which TMo has no plans yet for. In addition, it was rumored back in 2010 that TMo would buy Sprint, so it's not far-fetched.

surge48 says:

That was the original plan to begin with!  Sprint was in talks with T-Mobile (as rumors state) but then AT&T came in and swept T-Mobile from their feet!  I would like to see this happen as it would even the playing field out a bit!  They could run both CDMA and GSM! 

Luisraul924 says:

I agree on it being more preferable. As for questions on network technology I think they would just leave it up to the OEMs for now, then start to converge devices with LTE and probably start phasing out their own CDMA network possibly even selling off their own spectrum to help financially as they haven't been doing all that great themselves. The reason I say they'd get rid of their own CDMA network is because since LTE is a GSM technology I think it'd be easier to keep T-Mobile's GSM network strictly for compatabitlity for roaming and fuctuation adjustment between 3G and 4G.

addicusbrown says:

Daniel - wouldn't the mis match technology cause a major issue with a Spring - TMobile merger?  Which technology would win here in the US?

At&t=a$$tards and turds. Finally they've given up on taking away our beloved magenta.

I still think Dish Network should buy em! 

Solidstate89 says:

Oh shut the hell up AT&T. You pricks have even more spectrum in the 700MHz block than Verizon and they seem to have no issues rolling out LTE basically exclusively in that block of theirs.
 
Maybe you should have invested in your network before you reached saturation...you know. With all those BILLIONS OF DOLLARS of profit you bring in per quarter. Or perhaps you should have some kind of investing agreeement with T-Mobile where you can share eachother's spectrum. Perhaps like you should have done in the first place. Instead of trying to spend 40 billion dollars purchasing a competitor. You anti-competitive dicks.

aeonlinux says:

I don't really care what you're saying, or what you mean, but surely enough, buying out a competitor for, clealry, competitive purposes, is still competition, so how are they anti-competitive?
To put an analogy. That's like offering more money for the best boxing trainer. Offering, and thus, getting the best trainer will get you better results than the competition. Surely not letting the competition get the best trainer is ultimately a move to better compete against.
So I dont see AT&T trying to buy T-Mobile some sort of act of desperation; they are doing it so they can expand. Whatever sinister reasons there might be, I am quite certain they would have never made the bid if there weren't competitors.

what about that ''plan b'' they were talking about
 

DavidinCT says:

Oh well, I would of loved to see this happen. TMOUS sucks and Sprint does too (Sprint has worse coverage than TMOUS). I was hoping Verizon had someone to really compete as AT&T does not currently work even near as good. As I am sick of Verizon's S.H.I.T.
TMO would of filled the holes that AT&T had to make it as good as Verizon if not better.
We need providers in the US with a big coverage maps,  not the little baby ones that only work in parts of a state.
Maybe AT&T will take the back door anyway, They'll partner with TMOUS for 3-4 years and after their coverage is updated with the new map (as they will have access to TMO's network)for a year or 2, AT&T will do a take over to TMO, as they wont be growing any more, DOJ can't really fight it much.