Merger Update

By Brad

Last week, the Department of Justice — in response to AT&T withdrawing its proposed merger with T-Mobile from the FCC — announced it would seek to postpone or withdraw its case against the merger. In response, AT&T issued the following response today (via MarketWatch):

“AT&T and Deutsche Telekom advised Judge Huvelle this morning that they wish to stay any further Court proceedings until January 18, 2012, to allow the two companies time to evaluate all options. The U.S. Department of Justice joined in the filing.

“AT&T is committed to working with Deutsche Telekom to find a solution that is in the best interests of our respective customers, shareholders and employees. We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals so that we can deliver the capacity enhancements and improved customer service that can only be derived from combining our two companies’ wireless assets.”