AT&T may have to dump $8 billion worth of assets

Andre Yoskowitz
15 Aug 2011 11:29

AT&T has hired investment bankers to advise it on the sale of spectrum and possibly customers, assets that could be worth $8 billion.
The dump of assets will be one of many concessions expected of the company in its effort to purchase T-Mobile for $39 billion.
AT&T gave a standard response (via Cnet):

As we said on the day we announced the merger with T-Mobile USA, we anticipate there will be some divestitures, as we have had in past mergers, but any speculation about the amount of divestitures is premature.

Regional carriers, like US Cellualr and MetroPCS will eagerly buy up spectrum if it becomes available, as will behemoth Verizon.
Last week, a partially-redacted document accidentally posted by a law firm under contract for AT&T leaked online, via the FCC website revealing that what AT&T has been saying about job gains and network investment with the T-Mobile deal are just untrue. Read that here: Leaked AT&T letter puts damper on potential T-Mobile acquisition