November 10, 2011 |
NEW YORK - New plans at T-Mobile USA helped the struggling No. 4 carrier stabilize its business in the third quarter after dismal results earlier this year. The improvement comes as AT&T Inc.'s deal to buy T-Mobile from its German parent Deutsche Telekom AG has hit a roadblock in Washington. The Justice Department sued to stop the deal in August, saying it will reduce competition in the industry. T-Mobile USA on Thursday said it gained a net 126,000 subscribers in the July to September period after three quarters of losses.
November 4, 2011 |
NEW YORK - AT&T says the deal to buy T-Mobile USA may take until the middle of next year to close, three months later than originally envisioned, as it fights antitrust regulators. AT&T announced the $39 billion acquisition in March, saying it hoped to complete it in a year. But in August, the Justice Department filed a lawsuit to stop the deal, saying it could harm consumers by reducing competition and raising prices. The case goes to trial on Feb. 13. Analysts give AT&T Inc. little chance of defeating the Justice Department and getting the deal through.
September 17, 2011
Pennsylvania and five other states joined a federal lawsuit Friday seeking to block AT&T Inc.'s acquisition of T-Mobile USA Inc., saying the proposed $39 billion deal would hurt competition and raise wireless-phone prices. The Justice Department's antitrust suit contends that the merger of the two companies, which would make AT&T the biggest wireless carrier and cut the number of national competitors to three from four, is anticompetitive. The other states joining the amended complaint were New York, Massachusetts, Washington, Ohio, and Illinois.
June 27, 2012 |
A spectrum exchange between Verizon Wireless and T-Mobile USA would improve T-Mobile's service in Philadelphia and other cities, enhance both carriers' national networks, and erase T-Mobile's objections to a controversial, earlier deal between Verizon and a consortium of cable companies. But the agreement between the nation's first- and fourth-place mobile carriers prompted consumer advocates and a leading telecommunications union to repeat criticism of the earlier pact, which links Verizon with a group of cable companies led by Comcast Corp.
November 25, 2011 |
LOS ANGELES - The end might be near for AT&T Inc.'s proposed $39 billion purchase of T-Mobile USA Inc. Facing growing opposition, AT&T announced Thursday that it was withdrawing its merger plan from further consideration by the Federal Communications Commission. Instead, it said it would concentrate on winning approval from the U.S. Justice Department, which sued to stop the purchase. And, in case the deal collapses, the company said it was setting aside the $4 billion it would owe in breakup fees to T-Mobile's German owner, Deutsche Telekom.
September 18, 2007 |
Michael E. Kalogris, the cell phone entrepreneur who negotiated to save SunCom Wireless Holdings Inc. from bankruptcy as he recovered from a near-fatal car accident, has sold the Berwyn company to T-Mobile USA Inc. for $2.4 billion in cash and debt. T-Mobile is a subsidiary of Germany's Deutsche Telekom AG, and the SunCom deal will boost T-Mobile's coverage in the Carolinas and other parts of the South, and in Puerto Rico. T-Mobile said it would pay $27 a share for SunCom, a 23 percent premium over Friday's close.
February 23, 2012 |
NEW YORK - T-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is urging the federal government to block another deal in the wireless world: Verizon's planned purchase of spectrum from cable companies for $3.9 billion. In a filing late Tuesday, T-Mobile USA said the Federal Communications Commission should stop the deal among Verizon Wireless, Comcast Corp., Time Warner Cable Inc., Bright House Networks, and Cox Communications because it would place an "excessive concentration" of wireless spectrum in Verizon's hands.
December 15, 2009 |
Towerstream Corp. has launched a high-speed wireless service for professional firms and small businesses in Center City, one of several companies investing in the wireless sector in Philadelphia. AT&T Inc. recently expanded its wireless phone network into Philadelphia's subway system for daily riders, and Sprint Nextel, Clearwire, and Comcast Corp. began selling next-generation wireless Internet service in the region. T-Mobile USA Inc. said yesterday it added wireless service in the Market East station and the City Hall station on the Broad Street line, two of the busiest stations on the subway system.
March 22, 2011 |
Higher prices may lie ahead if AT&T successfully merges with smaller but spunkier counterpart T-Mobile, consumer advocates warned Monday, because the $39 billion deal would wipe out one of the wireless market's more notable low-cost players. For consumers in the Philadelphia region, of particular concern may be whether T-Mobile retains high marks from users, given that T-Mobile and behemoth Verizon scored well ahead of AT&T in a recent regional survey, said Paul Reynolds, electronics editor of Consumer Reports in Yonkers, N.Y. But in the iPhone race, T-Mobile contract-holders eager to switch to the popular smartphone could find themselves with an option, given Apple's exclusive relationships with AT&T and Verizon.
August 23, 2012 |
Verizon Wireless' proposal to buy unused airwaves from cable providers led by Comcast Corp. has enough votes to win regulatory clearance from the Federal Communications Commission, agency officials say. The five-member agency's two Republican commissioners have cast electronic votes to approve the $3.6 billion deal, joining Democratic chairman Julius Genachowski, said two FCC officials who declined to be identified because the tally has not been...