T-Mobile Moves to Block Verizon's (VZ) Massive Spectrum Deal
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Price: $21.12 +0.14%
Overall Analyst Rating:
SELL (= Flat)
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Revenue Growth %: +3.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.3%
Revenue Growth %: +3.1%
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Talk about being bitter.
Following the blocked deal for AT&T (NYSE: T) to acquire T-Mobile from Deutsche Telekom, T-Mobile is now taking the offensive. According to reports Wednesday, T-Mobile is looking to block Verizon's (NYSE: VZ) deal to acquire more spectrum.
The deal between Verizon, Cox Communications, Time Warner Cable (NYSE: TWC), Bright House, and Comcast (Nasdaq: CMCSA) was announced in late 2011 and valued at $3.6 billion.
T-Mobile argues the deal would put "excessive concentration" of spectrum in Verizon's hands.
Last month, AT&T gave up its attempt to acquire T-Mobile following resistance from the FCC.
Following the blocked deal for AT&T (NYSE: T) to acquire T-Mobile from Deutsche Telekom, T-Mobile is now taking the offensive. According to reports Wednesday, T-Mobile is looking to block Verizon's (NYSE: VZ) deal to acquire more spectrum.
The deal between Verizon, Cox Communications, Time Warner Cable (NYSE: TWC), Bright House, and Comcast (Nasdaq: CMCSA) was announced in late 2011 and valued at $3.6 billion.
T-Mobile argues the deal would put "excessive concentration" of spectrum in Verizon's hands.
Last month, AT&T gave up its attempt to acquire T-Mobile following resistance from the FCC.
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