AT&T today issued a statement on its bid for T-Mobile, saying that it has asked the court to stay the proceedings until January 18th as it contemplates its next move.
The pending $39 billion merger has been plagued by government intervention and lawsuits, and late last month AT&T decided to pull its application from the FCC.
The U.S. Justice Department in August sued to block the deal, saying that “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market.”
Here’s the statement that AT&T issued on the bid this morning:
“AT&T and Deutsche Telekom advised Judge Huvelle this morning that they wish to stay any further Court proceedings until January 18, 2012, to allow the two companies time to evaluate all options. The U.S. Department of Justice joined in the filing.
“AT&T is committed to working with Deutsche Telekom to find a solution that is in the best interests of our respective customers, shareholders and employees. We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals so that we can deliver the capacity enhancements and improved customer service that can only be derived from combining our two companies’ wireless assets.”
