Andre Yoskowitz
13 Dec 2011 17:10
U.S. District Court Judge Ellen Huvelle has delayed C Spire and Sprint's lawsuits against the proposed AT&T/T-Mobile merger.
The same judge delayed the Justice Department's lawsuit against AT&T, as well.
Proceedings will continue on January 18th.
AT&T is still weighing its options, but the $39 billion proposed deal is likely going to fail, due to the overwhelming support against it.
If the deal does not close, AT&T owes Deutsche Telekom $8 billion dollars in cash and spectrum as a break-up fee.