AT&T plans to continue with its plan to acquire T-Mobile, Chief Financial Officer John Stephens told reporters, in spite of strong disapproval from regulatory organizations including the Department of Justice and the Federal Communications Commission. AT&T plans to use the $10 billion cash accumulated on its balance sheet to prepare for quick closure of deal, Stephens reportedly said at the UBS media conference Wednesday in New York. AT&T is the second largest wireless carrier in the United States, and T-Mobile, owned by Deutsche Telekom, is the fourth largest.
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AT&T Sinks Teeth Deeper Into T-Mobile Deal
Posted by: Rob Spiegel December 8, 2011 12:08 PMAT&T plans to continue with its plan to acquire T-Mobile, Chief Financial Officer John Stephens told reporters, in spite of strong disapproval from regulatory organizations including the Department of Justice and the Federal Communications Commission. AT&T plans to use the $10 billion cash accumulated on its balance sheet to prepare for quick closure of deal, Stephens reportedly said at the UBS media conference Wednesday in New York. AT&T is the second largest wireless carrier in the United States, and T-Mobile, owned by Deutsche Telekom, is the fourth largest.