AT&T Courts Tech Support on T-Mobile Deal
AT&T Inc. executives met in Silicon Valley with technology companies and top venture-capital firms this week, courting a key constituency as the telecommunications giant presses the case for its proposed $39 billion acquisition of T-Mobile USA, a unit of Deutsche Telekom AG.
AT&T is hoping Silicon Valley will come out in support of the deal—or at least not strenuously oppose it—as the Department of Justice and Federal Communications Commission get deeper into their review of the transaction.
Regulators likely will be interested in hearing how the acquisition could impact the Valley, a key source of innovation that has a lot at stake in the deal. Many large technology companies and start-ups alike are betting their futures on wireless technology.