AT&T awaits approval of T-Mobile acquisition

After submitting a $39 million bid to acquire T-Mobile, AT&T is currently awaiting approval of the bid from both federal and state officials.

California’s Public Utilities Commission has already met 7 times to discuss the acquisition and the Federal Communications Commission and Justice Department are also considering the bid.

If the acquisition is approved by both state and federal authorities, AT&T will beat out Verizon Wireless as the nation’s largest wireless carrier.

An At&T spokesperson said of the deal, “We are optimistic that the CPUC will find that the merger is in the public interest and issue its recommendation with no conditions.”

To discuss a possible merger or acquisition with an experienced attorney, contact the Orange County mergers and acquisitions lawyers of Daily Aljian by calling 949-861-2524 today.