AT&T Inc. one of the largest US mobile phone operator is expected to soon propose a solution to the U.S. antitrust agencies to streamline the acquisition of T-Mobile plan worth U.S. $ 39 billion. These was delivered by people who are close to the matter.
Although the company's second-largest wireless service in the U.S., AT&T prepare for long battle in court against the Justice Department to assess T-Mobile's acquisition of anti-competitive and could raise rates.
Two AT&T's plan to find a settlement before the court. "AT&T is committed to finding a solution. They're pretty confident," said one source who requested anonymity. If it fails in defeating the lawsuit, AT & T must pay the owner of T-Mobile, Deutsche Telekom, about U.S. $ 6 billion in cash and other assets as part of the initial agreement.
Details of the proposed settlement AT & T is unclear. But AT&T is expected to promise to maintain the T-Mobile subscription rates are cheap and asset sales. According to two other sources say, AT&T may have to sell up to 25 percent of T-Mobile business, including the airwaves and customers. It was to address concerns the government saw only three companies control 90 percent of the U.S. wireless market if the merger goes.
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