Feeds

IT'S OFFICIAL: AT&T, T-Mobile deal is dead

Big Phone's colossal $4bn cockup concludes

Internet Security Threat Report 2014

AT&T's planned $39bn acquisition of T-Mobile USA from Deutsche Telekom is dead – and it's costing AT&T $4bn to kill it.

"AT&T Inc. said today that after a thorough review of options it has agreed with Deutsche Telekom AG to end its bid to acquire T-Mobile USA, which began in March of this year," the company said in a statement released on Monday afternoon.

The move was widely anticipated after the US Federal Communications Commission's decision less than one month ago to refer the matter to an administrative hearing – a rare move that signaled the death of the merger to most observers.

That sting of that governmental action was not lost on AT&T chairman and CEO Randall Stephenson, who snapped back in Monday's statement in favor of what he defined as free markets. "[Policymakers] should allow the free markets to work so that additional spectrum is available to meet the immediate needs of the U.S. wireless industry," he said.

After the FCC's decision, AT&T added to the widespread speculation – speculation that approached certainty, actually – about the deal's impending doom when it reported on November 24 that it planned a $4bn charge (its kill fee to Deutsche Telekom) in the fourth quarter in anticipation of the deal going sour.

That charge was also made official in ATT's Monday announcement. "To reflect the break-up considerations due Deutsche Telekom," the company reported, "AT&T will recognize a pretax accounting charge of $4 billion in the 4th quarter of 2011."

It appears that Netflix and RIM now have a deep-pockets competitor for the not-so-coveted award of "Worst business decision of 2012."

Choosing a cloud hosting partner with confidence

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.