Featured Articles

Nvidia Shield 2 shows up in AnTuTu

Nvidia Shield 2 shows up in AnTuTu

Nvidia’s original Shield console launched last summer to mixed reviews. It went on sale in the US and so far Nvidia…

More...
AMD CSO John Byrne talks ARM

AMD CSO John Byrne talks ARM

We had a chance to talk about AMD’s upcoming products with John Byrne, Chief Sales Officer, AMD. We covered a number…

More...
AMD Chief Sales Officer thinks GPU leadership is critical

AMD Chief Sales Officer thinks GPU leadership is critical

We had a chance to talk to John Byrne who spent the last two years as Senior Vice President and Chief…

More...
OpenPlus One $299 5.5-inch Full HD phone

OpenPlus One $299 5.5-inch Full HD phone

OnePlus is one of the few small companies that might disrupt the Android phone market, dominated by giant outfits like Samsung.…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

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

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments