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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