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March 23, 2011

Monster Communications Deal Making History

Filed under: internet/international business — sketchcorner @ 9:28 pm

Good to be back from Denver, had to see my attorney over there. The financial markets are a-buzz with the news this morning that AT&T plans to purchase T-Mobile USA from Deutsche Telekom for $39 billion cash and stock. The deal could mean the new behemoth could become America’s largest wireless carrier. I am not sure what they are going to do with this and also and business internet phone plans or for that matter international calls from cell phone with calling cards and so forth.
As usual, what looks like a great thing to Wall Street, looks like another smack down for the little guy. T-Mobile had some of the better deals around for small consumers.
In a report in MarketWatch, written by Jennifer Waters this morning, under the title, “What AT&T’s buyout of T-Mobile means for you,” electronics editor at Consumer Reports magazine was quoted as saying, “It’s likely to make the [cell-phone] market more and more into a duopoly between AT&T and Verizon.” Did not mentioned the international voip. This reminds me of the deal that went down in Denver earlier.
For Wall Street, it’s the details that are of interest, such as the fact that JP Morgan is backing AT&T with a $20 billion bridge loan to make the deal with Deutsche Telekom happen. O)h by the way if you are in Denver of for that matter Highlands park and need a qualified Denver internet attorney who also does copywrite, trademark, business contract and also is a Denver software licensing attorney then I do suggest this leading firm. Also, AT&T will pay a “reverse break-up fee “of $3 billion in cash if the deal doesn’t go through. AT&T would also have to relinquish some of its rights to wireless spectrum and roaming capabilities to Deutsche Telekom.
CNBC Reporter Kate Kelly wrote a piece under the headline, “JP Morgan, AT&T Bet Big on Telecom Deal,” posted today, March 21, 2011. Kelly says, “In percentage terms, AT&T’s 7.6 percent reverse break-up fee is the largest in M&A history.

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