AT&T and T-Mobile To Get FCC Merger Approval Through Other Ways
AT&T and T-Mobile To Get FCC Merger Approval Through Other Ways

It seems that both the telecom companies, AT&T and T-Mobile have got an idea that the Federal Communications Commission would not give green signal to them for their merger. Therefore, they have mutually decided not to move ahead with their merger plans.

FCC chairman Julius Genachowski said he would like to review the merger case in detail which clearly hints that there are chances that the FCC could abandon the yet to be done deal.

This step would give a great setback to telecom giant AT&T of $4bn as it has committed to T-Mobile USA from Deutsche Telekom that whether deal gets finalized or not, they have to pay them the said amount.

It is not the first time that AT&T has faced such thing as since the time they have announced that they are in plans to buy T-Mobile, from that time they have been facing one or the other controversy.

Both the companies were confident and gave answer to every query and always were of the view that their union would give fresh options to users, but it seems this news did not let the FCC and the US Department of Justice (DoJ) to take the sigh of relief.

If this deal would be done then both the companies were of the view that they not only better service but people would have got better employment opportunities but unfortunately customers could not understand this perspective of both the companies.

AT&T and Deutsche Telekom affirmed, "Focus their continuing efforts on obtaining antitrust clearance for the transaction from the Department of Justice".

The company, AT&T said they have lost to secure acquisition through this way, but would try to get it through other ways.

About $4 billion pay out to Deutsche Telekom AG the AT&T Inc. affirmed that they have to pay $3 billion in cash and $1 billion in installments by the end of fourth quarter of this year.

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