T-Mobile may miss out on AT&T break-up fee, report says
Written by administrator on September 6th, 2011
T-Mobile may miss out on AT&T break-up fee, report says
News from CNET:
AT&T may not have to pay T-Mobile USA’s parent, Deutsche Telekom, the $ 6 billion break-up fee even if the mega-merger between wireless carriers falls apart, according to Reuters.
AT&T may not be on the hook for the fee under certain conditions, a source told Reuters in a story that ran today.
Spokesmen for AT&T, T-Mobile, and Deutsche Telekom didn’t immediately respond to CNET’s requests for a comment.
AT&T and T-Mobile were thrown for a loop last week when the Department of Justice sued to block AT&T’s planned acquisition of T-Mobile, citing concerns over the loss of competition in the industry. AT&T has been scrambling to keep the deal alive an…………… continues on CNET
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News from Bloomberg:
The Federal Housing Finance Agency sued Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Barclays Plc (BARC) over residential mortgage-backed securities.
In lawsuits filed Sept. 2 in Manhattan federal court, the agency, representing Fannie Mae and Freddie Mac, also named as defendants Nomura Holdings Ltd., HSBC Holdings Plc and Credit Suisse Group AG.
The FHFA has been demanding refunds from banks for loans sold to Fannie Mae and Freddie Mac that were based on false or missing information about borrowers and properties. The two government-backed mortgage finance firms had to be rescued by taxpayers as defaults on home loans soared toward record levels.
The agency said in its filings on Sept. 2 that Fannie Mae and Freddie Mac bought $ 6 billion in securities…………… continues on Bloomberg
… Read the full article
Sandwich Carrying Case For T-Mobile Tap, Huawei U7519
This case is compatible with the following cell phone model(s) : T-Mobile Tap / Huawei U7519 The top-loading design allows easy access to the phone. The phone is placed between neoprene covers. The elastic sides ensure the phone is held securely. A belt clip is attached on the back of the case. Color : Black
List Price:
Price: 13.99
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