Andre Yoskowitz
21 Dec 2011 3:08
Earlier this week, AT&T quit its $39 billion bid for T-Mobile after government and corporate opposition would have made it almost impossible to complete the acquisition.
Because of the failed bid, AT&T will have to give money and other "goodies" to T-Mobile parent Deutsche Telekom. Today, we have more details on what the company will receive.
First, AT&T will pay a $3 billion breakup fee (the largest ever), which it will pay in the next week. Additionally, the company must agree to "a large package of mobile communications spectrum and a long-term agreement on UMTS roaming within the U.S. for T-Mobile USA, all of which is worth about $1 billion," says Cnet.
T-Mobile will get new spectrum in 128 markets, including most of the major markets including Los Angeles, Dallas, Houston, Atlanta, Washington, D.C., Boston, San Francisco, Phoenix, San Diego, Denver, Baltimore and Seattle.
On the roaming end, T-Mobile will get to roam on the AT&T network for the next 7 years.