AT&T And T-Mobile: Duopoly Deja Vu?

Law360, New York (April 01, 2011, 2:38 PM ET) -- As corporate deals go, it is not the biggest. But in terms of potential impact, AT&T Inc.’s proposal to acquire T-Mobile USA Inc. is perhaps the most significant telecom deal since the breakup of AT&T in 1982 and AT&T’s later acquisition by SBC in 2005. Whether it will be permitted, over vociferous objections by competitors and some public interest advocates, is more questionable.

Let’s start with the basics. Under the proposal, AT&T would pay Deutsche Telekom, T-Mobile’s owner, $39 billion in cash and stock. In the...
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