AT&T, HTC Reconsidering Next Mega Merger Steps
Both AT&T and HTC are in similar positions this week; their major mergers have hit major snags.
Department of Justice Takes Steps to Block AT&T T-Mobile Merger
This morning, in a rare press conference and press release for the Department of Justice, the regulatory arm of the department has announced that it has filed siut against AT&T Mobility in order to block its proposed purchase and merger of Deutsche Telekom’s T-Mobile. Citing the Clayton-Sherman Antitrust Act, the DoJ is staunchly opposed to […]
Verizon to Finalize Alltel Merger on Friday
In a regulatory filing on Friday, Verizon has revealed that it expects to finalize and close the Alltel acquisition on Friday, including the absorption of $22.2 billion in debt, $17 billion of which will be covered by commitments from eight institutions despite the current financial situation. Verizon had purchased Alltel for $5.9 billion in equity from […]
Clearwire Shareholders Approve XOHM Merger
This morning in a special shareholder meeting, shareholders for the current Clearwire have approved the merger of Sprint’s XOHM division with the aforementioned service provider, creating the new company which will still be known as Clearwire after the transaction is finalized at the end of the month. Sprint’s XOHM division is currently operating in Baltimore […]
FCC Approves Verizon/Alltel Purchase and Sprint/Clearwire Mergers
The FCC has officially approved the pending Verizon Wireless purchase of Alltel LLC as well as the merger of Sprint XOHM and Clearwire Inc. With these two mergers completed after months of regulatory screening by federal regulators, both companies can commence the process to consolidate respective operations and streamline infrastructure. The approval did not come […]
Verizon Wireless to Acquire Alltel
With leaked reports coming in of Verizon Wireless acquiring Alltel, it has been made official that the deal will go through for $28.1 billion creating the largest wireless company in the U.S. in customer numbers by putting Verizon at 80 million over AT&T’s 71 million. The cash merger is a result of Verizon acquiring the […]
Helio Looking to Buy Out Virgin Mobile (Updated)
Update: SkTelecom spokespeople have rejected claims stating that the carrier was looking to purchase Virgin Mobile in order to pump money into the MVNO and purchase Helio from itself. The company has stated that the initial report by the Dow Jones and Reuters was groundless. The company has also confirmed that the South Korean carrier […]
Sprint & Nextel Partners Reach Buyout Price
Sprint Nextel has agreed to purchase Nextel Partners for $6.5 billion in cash. The stock buyout will give Sprint full ownership of Nextel Partners, and will end the long-held standoff between Sprint and the iDEN affiliate. Upon regulatory approval, Nextel Partners customers will be able to switch to Sprint CDMA without paying an early termination […]
Sprint Purchases Alamosa PCS
Sprint Nextel and Alamosa Holding, Inc announced that the national carrier will be purchasing it largest affiliate in a cash deal valued at $4.3 billion. The deal includes taking on the affiliate’s $900 million in debt, and will convert Alamosa’s approximately 1.5 million subscribers in 19 states into direct subscribers. The deal is for Sprint […]
Cingular To Become AT&T Wireless (Updated Again)
Update: Sources have provided us with an internal statement from Cingular CEO Stan Sigman. Hit Read More to read it in its entirety. He confirms that AT&T and BellSouth leadership were incorrect in their rebranding assertions, and that AT&T would simply be selling Cingular services on a national scale, similar to how SBC currently offers […]