AT&T prepares two-track plan to save T-Mobile deal
(Reuters) – AT&T Inc is expected to soon present a proposed solution to U.S. antitrust regulators to salvage its planned $39 billion acquisition of smaller rival T-Mobile USA, according to people close to the matter.
Even as the No. 2 U.S. wireless service provider gears up for a lengthy court battle against the Justice Department, AT&T is prepared to make concessions to address concerns that the T-Mobile deal is anti-competitive and could cause wireless prices to rise.
This two-track plan will allow AT&T to try to find a settlement before the lawsuit reaches the court.
“AT&T is pretty determined that they can find a solution, and they are pretty confident,” one of the sources said, requesting anonymity as the talks are private.