AT&T given legal go ahead to halt takeover of T-Mobile USA:
After reporting about the U-turn the other day, news in has confirmed that the FCC has granted approval for the withdrawal of AT&T’s $39 billion purchase of T-Mobile USA.
Not without drama, it appears that two public bodies going by the names of “Public Knowledge” and “Media Access Project” both asked for the documents related to the deal to be published, this was in order to prevent AT&T from revoking its application.
This however did not stop the decision being made.
AT&T to focus on law suit:
When AT&T informed people that they were looking to withdraw from the purchase of T-Mobile USA people wanted to know why.
The reason given is that they are looking to focus on a law suit brought against them by the Department of Justice.
This issue is likely to see a February start in the courts, and once competed, and should AT&T win, it is thought that they will pick up where they left off and reapply for the takeover of T-Mobile USA.
Meanwhile both Media Access Project and Public Knowledge argue that AT&T will have “unfairly exhausted the resources of it’s competitors” by this time.
Yes the litigation season sees no end in the tech world.
We will keep you up to date with the goings on between these two companies as and when news occurs.Anthony Munns