T-Mobile USA saving cash to keep top execs if AT&T merger passes

DaMan

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<center><a href="http://www.bgr.com/2011/11/17/t-mobile-usa-saving-cash-to-keep-top-execs-if-att-merger-passes"><img class="aligncenter size-full wp-image-113163" title="t-mobile-saving-money" src="http://www-bgr-com.vimg.net/wp-content/uploads/2011/11/t-mobile-saving-money.jpg" alt="" width="652" height="349" /></a></center>
T-Mobile USA has been setting aside cash that it plans to use in an effort to keep its top employees on board should AT&T’s proposed $39 billion takeover of the firm gain U.S. regulatory approval. The carrier has reportedly already recorded $64 million in merger-related employee costs during the past two quarters. A spokesperson for T-Mobile’s parent company Deutsche Telekom confirmed to <em>The Wall Street Journal</em> that T-Mobile USA is indeed saving money to keep “top employees on board” after the deal closes. AT&T originally said the deal would <a href="http://www.bgr.com/2011/06/22/att-t-mobile-acquisition-on-schedule-for-march-2012-approval/">close by March 2012</a>, however it recently <a href="http://www.bgr.com/2011/11/04/att-says-t-mobile-deal-will-close-later-than-expected/">pushed that date back</a> after the U.S. government <a href="http://www.bgr.com/2011/08/31/u-s-government-sues-to-block-att-t-mobile-merger/">filed a lawsuit in an effort to block the acquisition</a>.
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Via BRG - Boy Genius Report
 
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