All Things D / WSJ: T-Mobile, AT&T Seek Approval of Spectrum Transfer
T-Mobile USA and AT&T Inc. filed a request with the U.S. Federal Communications Commission for approval of the transfer of $1 billion in wireless airwaves AT&T promised as a result of the failure of its $39 billion bid to take over its smaller rival.
AT&T said it would turn over the airwaves, or spectrum, along with $3 billion in cash to T-Mobile parent Deutsche Telekom AG after pulling out of the deal as opposition mounted from the FCC, Justice Department, state attorneys general and rival carriers.
I’ve never seen a better break-up deal.
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