Deutsche Telekom Says Break-Up Fee Not at Risk
Deutsche Telekom AG said Tuesday that the break-up fee package it negotiated with AT&T Inc. in case the sale of T-Mobile USA failed is secure, following a media report claiming it might not be applied.
A Deutsche Telekom spokesman said that AT&T could pull out of the deal if the concessions needed to get approval were above $7.8 billion, but said the German company would still be entitled to the break-up fee package.
Reuters, citing an unidentified insider, reported Monday that AT&T may get around that agreement if certain conditions are met.
