C Spire, Sprint lawsuits against AT&T gets delayed

C Spire, Sprint lawsuits against AT&T gets delayed
U.S. District Court Judge Ellen Huvelle has delayed C Spire and Sprint's lawsuits against the proposed AT&T/T-Mobile merger.

The same judge delayed the Justice Department's lawsuit against AT&T, as well.



Proceedings will continue on January 18th.

AT&T is still weighing its options, but the $39 billion proposed deal is likely going to fail, due to the overwhelming support against it.

If the deal does not close, AT&T owes Deutsche Telekom $8 billion dollars in cash and spectrum as a break-up fee.

Written by: Andre Yoskowitz @ 13 Dec 2011 17:10
Tags
T-Mobile AT&T Sprint Lawsuit Merger C Spire
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