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AT&T (T) May Change T-Mobile Deal

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

AT&T,  stuck with resistance from the government and a court ruling which as further delay a deal to buy T-Mobile from Deutsche Telekom, may revise terms in an effort to close a deal

“We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals,” AT&T said in a statement.. A federal judge has said she expects an answer by January 12 as to whether AT&T will continue to fight for the transaction.

AT&T’s offer for $39 billion includes a break up fee of $4 billion the it would have to pay T-Mobile. Many experts expect Deutsche Telekom to build T-Mobile’s business. There are rumors that Dish Network will try to do a deal with T-Mobile if the AT&T deal fails.

In the meantime, the Justice Department and FCC are not the only hurdles to a T-Mobile deal. No.3 US wireless carrier Sprint-Nextel (NYSE: S) has said it may challenge the transaction in court.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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