“AT&T Inc is approaching smaller rivals including MetroPCS Communications Inc. and Leap Wireless International Inc. to sell spectrum and subscribers as part of an attempt to save its $39 billion takeover of T-Mobile USA Inc., said two people with direct knowledge of the situation,” Serena Saitto and Jeffrey McCracken report for Bloomberg.
“The phone company, based in Dallas, has also reached out to CenturyLink Inc., Dish Network Corp. and Sprint Nextel Corp. to gauge their interest in buying assets, said the people, who declined to be identified because the talks are private,” Saitto and McCracken report. “AT&T is seeking ways to salvage its agreement to buy T- Mobile USA from Bonn-based Deutsche Telekom AG (DTE) after the Justice Department sued on Aug. 31 to stop the deal.”
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Saitto and McCracken report, “The talks with competitors are preliminary and may not lead to a deal, and the Justice Department may also deem the remedies insufficient, the people said.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Lynn Weiler” for the heads up.]