AT&T Prepares Plan to Save Takeover

Full Story: Bloomberg Businessweek 26 Nov

AT&T Inc., with its T-Mobile USA takeover facing regulatory opposition, is preparing the biggest remedy proposal yet to the Justice Department to salvage the $39 billion deal, reports Bloomberg Businessweek.

ATT’s proposal is likely to include the divestiture of a higher share of customers and lower percentage of spectrum, said the person familiar with the matter. The company needs more capacity to serve users as it adds customers and more of them adopt data-intensive smartphones.

Posted in: ATT, Business