AT&T to Make the FCC an Offer They Can’t Refuse

Yesterday, AT&T withdrew their application to merge with T-Mobile USA due to the FCC’s “serious concerns” regarding the $39 billion deal. In order to boost their chances of success, AT&T may resubmit their merger application with the provision that if the deal is approved, the carrier will be forced to sell “as much as 40 percent of T-Mobile USA’s assets“. The FCC is wary about the two companies joining forces since it reduces network competition, but AT&T will fight to the end seeing as they will be required to pay Deutsche Telekom (T-Mo’s parent company) $4 billion if the merger falls through.

[Bloomberg]

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