Mergers and Acquistions News
Categories: Telecoms
December 2nd 2011, 12:08PM
Deutsche Telekom and AT&T are still attempting to finalise their $39 billion (£24 billion) merger deal despite apparent regulatory opposition.
Sources familiar with the agreement have told Reuters the parent company of T-Mobile USA and AT&T are determined to press ahead and have not begun negotiations regarding any sort of network-sharing alternative.
Earlier this week, it emerged that a court hearing regarding the prospective arrangement had been postponed until December 9th.
Meanwhile, doubts were raised about its viability after the involved parties withdrew their applications for approval from the Federal Communications Commission last month as it seemed they were giving up.
However, someone with knowledge of the proposal informed the news source: "There are currently no talks about a network sharing joint venture … this is not the case, we're still betting on victory, not on the second-best solution."
The individual went on to indicate that making other plans would mean the firms have admitted defeat. 
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