Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 24 January 2012 01:30

AT&T and T-Mobile seek approval of $1 billion spectrum transfer

Written by Jon Worrel

att t-mobile_logo

T-Mobile remains in deep financial trouble

According to a recent report by the Wall Street Journal, it appears that AT&T and T-Mobile have filed a request with the FCC to seek approval of a $1 billion transfer in wireless spectrum from AT&T to T-Mobile as a result of its failed $39 billion mega-merger.

The transfer is expected to tie up loose ends following AT&T's bid to take over T-Mobile (ended December 19, 2011) by handing over spectrum, along with $3 billion in cash, to T-Mobile parent company Deutsche Telekom AG.

att t-mobile_merger

“This additional spectrum will help meet the growing demand for wireless broadband services,” said Tom Sugrue, T-Mobile’s senior vice president for government affairs, in an emailed statement. “We hope the FCC will move swiftly to approve the license assignments.”

While Deutsche Telekom may be content with its $4 billion negotiation, the company has explicitly stated that there is "no Plan B" in the event that the merger fell through. The payment of $3 billion in cash to Deutsche Telekom "will only cover T-Mobile's expenses for 12 to 24 months," said Wolfgang Specht, an analst at WestLG AG in Dusseldorf. If T-Mobile fails to find a partner within the next two years, it ultimately risks failing to generate enough operating revenue to cover its own spending.

Last modified on Tuesday, 24 January 2012 02:10

Jon Worrel

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments