AT&T offers to sell assets to Sprint in bid to win T-Mobile deal approval

DaMan

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AT&T has approached several U.S. wireless carriers offering to sell assets, spectrum and wireless subscribers in an effort to win the government’s blessing for its <a href="http://www.bgr.com/2011/03/20/att-to-acquire-t-mobile-from-deutsche-telekom/">planned acquisition of T-Mobile USA</a>, <em>Bloomberg</em> reported on Monday. MetroPCS, Leap Wireless, CenturyLink, Dish Network and Sprint were among the the companies approached in the private talks. AT&T’s move is no doubt a response to recent lawsuits that were filed by the Department of Justice and Sprint. The <a href="http://www.bgr.com/2011/08/31/u-s-government-sues-to-block-att-t-mobile-merger/">Department of Justice filed a lawsuit on August 31st in an attempt to block the merger</a>, which it said would “remove a significant competitive force from the market.” Seven U.S. states also <a href="http://www.bgr.com/2011/09/19/t-mobile-still-confident-acquisition-by-att-will-proceed">joined the DOJ’s suit last week</a>. <a href="http://www.bgr.com/2011/09/06/sprint-sues-to-block-attt-mobile-merger/">Sprint sued on September 6th</a> and said the merger would “stifle innovation” in the U.S. wireless market. AT&T’s discussions to sell assets may not be enough to sway the Department of Justice in AT&T’s favor and the talks are still preliminary, <em>Bloomberg</em> said. <span id="more-104108"></span>
<a href="http://www.bloomberg.com/news/2011-09-18/at-t-said-to-approach-smaller-rivals-to-sell-assets-save-bid-for-t-mobile.html">Read</a>
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