AT&T Tries to Keep T-Mobile Deal Alive (T, DTEGY, LEAP)
AT&T Inc. (NYSE: T) is working on a deal that it hopes will salvage its $39 billion takeover of T-Mobile USA, a division of Germany’s Deutsche Telekom AG (OTC: DTEGY). AT&T is in talks with Leap Wireless International Inc. (NASDAQ:…
AT&T Inc. (NYSE: T) is working on a deal that it hopes will salvage its $39 billion takeover of T-Mobile USA, a division of Germany’s Deutsche Telekom AG (OTC: DTEGY). AT&T is in talks with Leap Wireless International Inc. (NASDAQ: LEAP) regarding a potential sale of some assets to the smallest of the four US wireless carriers.
According to Reuters, the deal would involve AT&T selling unspecified assets in the hope of retaining T-Mobile’s high-speed capability.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.