Deutsche Telekom to get $6bn if AT&T bid flops
AT&T will pay Deutsche Telekom (DT) $6bn in cash, spectrum and roaming deals if regulators reject its $39bn bid for DT’s US-based T-Mobile subsidiary.
A Reuters report said the deal was worth $3bn in cash, $2bn in spectrum licences, and $1bn for the roaming deal.
DT CEO Rene Obermann is due to testify about the deal to US lawmakers later this month.
DT last year merged its underperforming UK operation with that of France Telecom’s UK subsidiary to form Everything Everywhere (EE), but retained the T-Mobile and Orange brand names for marketing reasons.