Posts tagged as: Buyout

Qualcomm Rejects Broadcom’s Attempt to Takeover the Firm’s Board

Qualcomm today said it won’t entertain the idea of replacing its board of directors with substitutes nominated by Broadcom. Earlier this month, Broadcom nominated 11 people to Qualcomm’s board of directors. It appealed directly to Qualcomm shareholders to change the company’s leadership at its annual meeting, scheduled for March 2018. Broadcom’s goal is to stack the […]

FCC Doesn’t Take AT&T View T-Mobile Buy Makes Jobs

FCC Wireless Bureau leader Rick Kaplan cast further doubt on AT&T’s attempted buyout of T-Mobile with a statement that rejected AT&T’s view the merger would create jobs. Documents submitted by the carrier so far have so far given “almost nothing in response” to calls for proof, the division head explained to The Hill. AT&T has […]

AT&T Motions to Dismiss Cellular South, Sprint Lawsuits

AT&T on Friday motioned to dismiss the lawsuits of both Sprint and Cellular South attempting to block its merger with T-Mobile. The carrier giant cited lack of standing, or that it wasn’t a valid plaintiff, for claimed bias. As a carrier, it couldn’t claim to “wrap itself in the cloak” of the public’s interest since […]

Cellular South Joins Lawsuits to Stop AT&T Buyout of T-Mobile

Opposition to AT&T’s proposed takeover of T-Mobile galvanized Monday after Cellular South sued AT&T to stop the deal. The dispute contends that the merger would “substantially lessen competition” and put too much power in the hands of the top two US carriers, AT&T and Verizon. In a statement, it shared Sprint’s view that the deal […]

AT&T May Sell Assets to MetroPCS and Leap to Get T-Mobile Deal Done

AT&T is now talking directly with MetroPCS and Cricket’s parent company Leap in an attempt to save its now seriously threatened buyout of T-Mobile, a pair of sources divulged Monday. The carrier is hoping to sell customer bases and wireless spectrum licenses to its smaller sometime-competitors in hopes of reaching a settlement, Bloomberg said. Bank […]

T-Mobile Could Lose Break-Up Fee, If Buyout Fails

T-Mobile may lose its multi-billion dollar break-up fee if its purchase by AT&T is successfully blocked by the Department of Justice, according to a new report. AT&T was to pay T-Mobile $3 billion in cash and another $3 billion comprised of the estimated value of certain spectrum and a national roaming agreement. The break-up fee […]

AT&T Feels It Has Satisfied FCC with Buyout Info

The FCC has now collected enough information to continue its review of the proposed $39 billion T-Mobile buyout by AT&T. The commission had to address many concerns and will now reset its 180-day clock to complete deal reviews. Specifically, the FCC sought more information on the new economic modeling AT&T provided in July to strengthen […]

FCC Wants More Info on AT&T LTE Needs

The FCC on Wednesday asked AT&T for evidence to justify its view that its $39 billion buyout of T-Mobile was necessary for its LTE network. Following an inadvertent leak by AT&T’s lawyers that revealed it only needed $3.8 billion to reach its touted 95 to 97 percent coverage of the US population, agency officials wanted […]

Samsung Denies Rumor of HP PC Buyout

Samsung on Wednesday issued a brief statement shooting down talk that it might buy HP’s PC business. While not overtly denying the possibility of talks, it said that the claims it had locked in a deal were “not true.” Taiwan-based sources had claimed on Monday that Samsung was talking to extra contractors to expand its […]

Sprint Formally Request the FCC to Deny AT&T, T-Mobile Merger

Sprint on Tuesday formally filed an attempt with the FCC to block the AT&T buyout of T-Mobile. The Petition to Deny argued that no amount of cell site divestitures or requirements could eliminate the competitive problems. Most of its talking points were familiar and centered on the deal as a reversal of the progress made […]

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