Wednesday, September 7, 2011

AT&T may get a discount if T-Mobile bid concessions prove too expensive

When the DOJ blocked AT&T's deal to snatch up T-Mobile, did you think Ma Bell would end up shelling out some ridiculous sum to lock things up? Well, the opposite may be the case -- according to Bloomberg, the company can get a reduced rate if regulator's requests become too pricey. A discount of sorts would be available to AT&T if the remedy to-do list surpasses 20 percent of the deal's original $39 billion price tag (about $7.8 billion). Also of note here: the company could leave the proverbial table altogether if the concessions top the 40 percent mark, only owing a break-up penalty... and shelling out the $3 billion contingency fund to Deutsche Telekom AG.

AT&T may get a discount if T-Mobile bid concessions prove too expensive originally appeared on Engadget on Tue, 06 Sep 2011 22:18:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/09/06/atandt-may-get-a-discount-if-t-mobile-bid-concessions-prove-too-ex/

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