Thursday, 16 June 2011

AT&T will have elegant ways of dealing with T-Mobile overlaps

AT&T says braced for divestitures on T-Mobile deal | Reuters

Following on from last week's PR push by T-Mobile to impress the FCC, AT&T's CEO, Randall Stephenson is expecting a demands list (from the FCC) for their acquisition approval.

The 2 firms are in the process of selling T-Mobile to AT&T for USD 39 billion. The remaining stumbling block is the small matter of excessive market dominance.

Stephenson is working on a 12 month time frame to completion.

As of Q3 2010 AT&T numbered approx 93 million subscribers and T-Mobile had roughly 34 million. Sprint lead the market with slightly more than AT&T, but the merger would see the former knocked clear into 2nd place.

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