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break-up fee

Deutsche Telekom: We are entitled to a breakup fee

Deutsche Telekom said today it would be entitled to a breakup fee if AT&T's planned purchase of T-Mobile USA falls apart, refuting an earlier report that it could potentially end up with nothing.

Reuters, citing anonymous sources, reported yesterday that AT&T may be off the hook for paying a $6 billion breakup fee to Deutsche Telekom under certain conditions. But Deutsche Telekom said today that isn't the case.

"The story from Reuters misstated the facts," Deutsche Telekom representative Andreas Fuchs told CNET today. "The breakup fee was agreed to precisely to … Read more

T-Mobile may miss out on AT&T break-up fee, report says

AT&T may not have to pay T-Mobile USA's parent, Deutsche Telekom, the $6 billion break-up fee even if the mega-merger between wireless carriers falls apart, according to Reuters.

AT&T may not be on the hook for the fee under certain conditions, a source told Reuters in a story that ran today.

Spokesmen for AT&T, T-Mobile, and Deutsche Telekom didn't immediately respond to CNET's requests for a comment.

AT&T and T-Mobile were thrown for a loop last week when the Department of Justice sued to block AT&T's planned acquisition … Read more