AT&T Digs In for a D.C. Fight

Companies never want to see their merger talks leak, but AT&T Inc. was especially concerned.

Will the proposed AT&T purchase of T-Mobile pass regulatory muster? The ‘digits’ panel looks at lawmakers’ feelings and how consumers will fare.

The former Baby Bell, which built itself up through a decade of acquisitions into the country’s largest telecommunications company, was planning to buy T-Mobile USA, a deal that would test its skilled regulatory team in Washington.

The combination would bring together the second and fourth largest U.S. wireless operators by revenue, creating a giant in an already concentrated market. People familiar with the matter said AT&T executives, fearing a leak could build regulatory opposition even before the two sides agreed on a deal, kept the number of banks involved strictly limited for weeks. It leaned on J.P. Morgan Chase & Co. alone to provide a $20 billion loan.

Read the rest of this post on the original site


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »