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AT&T Going After Verizon Wireless Assets
Phone Scoop - Latest News —
... Association and the Organization for the Promotion and Advancement of Small Telecommunications Companies voiced their concerns, as did the public interest group Public Knowledge. They feel the transfer of assets from the largest wireless network operator to the second largest network operator may not be in the best interest of consumers. The Department of Justice must approve the divestitures, and will examine each market individually to make sure that competition is preserved. more info at Wall Street Journal ...
AT&T to scoop up divested Verizon Wireless assets?
Boy Genius Report —
As part of the Alltel merger, Verizon Wireless was required to divest nearly $3 billion in wireless assets as shown in the dark blue and red areas in the map above. According to the Wall Street Journal, AT&T is rumored to be one of three interested parties seeking to scoop up these soon-to-be-available markets. Other potential buyers include Providence Equity Partners LLC and a joint venture that includes the private-equity firms of Carlyle Group CYL.UL and Kohlberg Kravis & Roberts & Co. Because of its strong financial position, AT&T could easily ...
AT&T Eyes Verizon Wireless Assets
Technologizer —
... The Wall Street Journal is reporting that AT&T is likely to be able to snag a majority of those assets as it appears to be the bidder in the strongest position. A cable provider is also apparently in the running, although the paper does not specify which one. ...
AT&T reportedly eyeing post-merger Verizon Wireless assets
Engadget Mobile —
... as it is able to and, according to The Wall Street Journal, it's in a good position to do just that. Other interested parties reportedly include a joint bid from the Carlyle Group and Kohlberg Kravis & Roberts & Co, a separate bid from Providence Equity Partners LLC, and at least one unnamed cable provider. Any of those bids, however, would still be subject to approval by the Department of Justice, with AT&T sure to draw the most scrutiny of the lot. [Via The Wall Street Journal] AT&T reportedly eyeing post-merger Verizon Wireless assets ...
AT&T reportedly eyeing post-merger Verizon Wireless assets
Engadget —
... as it is able to and, according to The Wall Street Journal, it's in a good position to do just that. Other interested parties reportedly include a joint bid from the Carlyle Group and Kohlberg Kravis & Roberts & Co, a separate bid from Providence Equity Partners LLC, and at least one unnamed cable provider. Any of those bids, however, would still be subject to approval by the Department of Justice, with AT&T sure to draw the most scrutiny of the lot. [Via The Wall Street Journal] Filed under: Cellphones AT&T reportedly eyeing ...
AT&T Going After Verizon Wireless Assets (T, VZ)
Silicon Alley Insider —
Verizon (VZ) has to sell about $3 billion worth of subscribers, spectrum, and infrastructure as part of its $28 billion acquisition of Alltel. Its arch rival AT&T; (T) could be the top bidder, the WSJ reports.
The assets include about 2 million subscribers, which would slim the gap between Verizon and AT&T; -- Verizon has about 84 million, while AT&T; has about 77 million.
AT&T; and Verizon have nearly 60% of the U.S. market, so any deal could face antitrust skepticism. And Alltel (and Verizon) use a different wireless technology than AT&T;, so ...
AT&T Going After Verizon Wireless Assets
Silicon Alley Insider —
Verizon (VZ) has to sell about $3 billion worth of subscribers, spectrum, and infrastructure as part of its $28 billion acquisition of Alltel. Its arch rival AT&T; (T) could be the top bidder, the WSJ reports.
The assets include about 2 million subscribers, which would slim the gap between Verizon and AT&T; -- Verizon has about 84 million, while AT&T; has about 77 million.
AT&T; and Verizon have nearly 60% of the U.S. market, so any deal could face antitrust skepticism. And Alltel (and Verizon) use a different wireless technology than AT&T;, so ...
Consumer rights groups wary of AT&T’s bid on former Verizon Wireless assets
IntoMobile - Cell Phone News, Information, and Analysis —
What do you do when you’re closest rival leap-frogs over you to become the largest wireless carrier in the US? You do everything you can to close that gap - legal obligations and guidelines be damned.
The Wall Street Journal is reporting that AT&T (NYSE: T) is trying to do just that. Big Blue has made it known that they’re interested in snapping up Verizon (NYSE: VZ) Wireless’s former assets (spectrum, infrastructure, etc.) that were put on the auction block as part of Verizon’s Alltel ...
AT&T looking to pick up subscribers left behind by Verizon-Alltel merger
Obsessable News Feed —
... Verizon has to sell off some of its resources in areas where it's taking on Alltel's old business, offloading technology, infrastructure, and some subscribers to its competitors. All told, the accounts of around two million subscribers are on the line. The obvious intent here is to try and offset the loss of one cell company competing with Verizon by beefing up the remaining ones. In the latest twist, AT&T has joined the bidders for the $3 billion in Verizon assets up for sale. ...
