Breaking News

AMD Launches Ryzen 9 9950X3D2 Dual Edition Processor Beelink EX Mate Pro Unveiled Introducing the Razer Atlas Pro ASUS Announces ProArt PA40SU USB4 SSD Enclosure Akasa Introduces 10 Gigabit PCIe Network Card for Desktop, Workstation and Server Upgrades

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

AT&T and Deutsche Telekom Withdraw FCC Applications

AT&T and Deutsche Telekom Withdraw FCC Applications

Smartphones Nov 24,2011 0

Deutsche Telekom and AT&T withdrew their application for approval by the Federal Communications Commission of a planned $39 billion deal for T-Mobile USA to focus on obtaining the green light from the Department of Justice. After the Federal Communications Commission (FCC) on November 22 announced that it is circulating a proposed order that would designate the sale of T-Mobile USA to AT&T for hearing, both Deutsche Telekom and AT&T today withdrew the pending applications regarding the sale of T-Mobile USA. The pending applications are listed in the Public Notice released by the Federal Communications Commission on April 28, 2011 in that proceeding. The companies say that they are continuing to pursue the sale of T-Mobile USA to AT&T.

"This formal step today is being undertaken by both companies to consolidate their strength and to focus their continuing efforts on obtaining antitrust clearance for the transaction from the Department of Justice," the companies said in a statement. "As soon as practical, Deutsche Telekom and AT&T intend to seek the necessary FCC approval."

In addition, AT&T has announced it expects to recognize a pretax $4 billion accounting charge to reflect the potential break up fees due to Deutsche Telekom in the event that the transaction does not receive regulatory approval.

The U.S. Department of Justice went to court in August to oppose AT&T's purchase of T-Mobile from Deutsche Telekom on antitrust grounds. A trial in that case is due to begin on February 13.

Tags: AT&TT-Mobile
Previous Post
Microsoft Moves Closer To Yahoo
Next Post
Nokia Applies For Delisting From Frankfurt Stock Exchange

Related Posts

  • Alphabet's Loon and AT&T to Offer Global Connectivity Solutions

  • Wireless Companies Extend Concessions for Coronavirus-hit Until June 30

  • AT&T Revenue Drops 4.5%, Company Withdraws Guidance

  • Some T-Mobile Customers Get Quibi For Free

  • T-Mobile Completes Merger with Sprint

  • T-Mobile's $ 15 Connect 5G Plan Launches Ahead of Schedule

  • T-Mobile Says it is Financially Prepared to Close the Sprint Merger

  • T-Mobile to Temporarily Close Indoor Mall Stores From Monday

Latest News

AMD Launches Ryzen 9 9950X3D2 Dual Edition Processor
PC components

AMD Launches Ryzen 9 9950X3D2 Dual Edition Processor

Beelink EX Mate Pro Unveiled
Consumer Electronics

Beelink EX Mate Pro Unveiled

Introducing the Razer Atlas Pro
Gaming

Introducing the Razer Atlas Pro

ASUS Announces ProArt PA40SU USB4 SSD Enclosure
PC components

ASUS Announces ProArt PA40SU USB4 SSD Enclosure

Akasa Introduces 10 Gigabit PCIe Network Card for Desktop, Workstation and Server Upgrades
Enterprise & IT

Akasa Introduces 10 Gigabit PCIe Network Card for Desktop, Workstation and Server Upgrades

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Arctic Liquid Freezer III 360 Pro Argb

Arctic Liquid Freezer III 360 Pro Argb

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed