German government fears AT&T / T-Mobile deal collapse

German government fears AT&T / T-Mobile deal collapse
German Government is Deutsche Telekom's largest shareholder.

The Financial Times is reporting that Berlin is becoming increasing anxious over the uncertain future of AT&T's proposed $39 billion buyout of T-Mobile from Deutsche Telekom AG. The German Government is the largest shareholder of Deutsche Telekom, with a 32 percent stake in the telecommunications giant.



Opposition to the merger is coming from all angles in the United States, with both regulators at the Federal Communication Commission (FCC) and the Department of Justice (DoJ) opposed to it on the ground that it would harm competition in the market, and potentially lead to job losses.

The FT report said that government officials in Berlin are resigned to the deal falling through, or to a radical reconfiguration of the acquisition to gain approval from regulators.

AT&T is reportedly holding discussions with a third party over the possible sale of a multibillion portfolio of assets. The disposal of certain assets could be looked upon favourably by the DoJ, depending on the circumstances.

Written by: James Delahunty @ 2 Dec 2011 4:08
Tags
T-Mobile AT&T Germany
Advertisement - News comments available below the ad
  • 2 comments
  • hearme0

    And I say PISS OFF Germany. You were Nazis once, you will not be Nazis again with OUR economy.

    2.12.2011 10:20 #1

  • blueboy09

    Well, I have one thing to say about this merger: HAHAHAHAHAHA! You suck guys!!!

    Chance prepares the favored mind. Look up once in a while and you might learn something. - BLUEBOY

    3.12.2011 15:45 #2

© 2022 AfterDawn Oy

Hosted by
Powered by UpCloud