Fiber Optic Telecommunications Networks: AT&T sets aside $4 billion for T-Mobile breakup fee

James F. Booth

For more than 25 years, James Booth has provided consulting and legal services to telecommunications carriers and to enterprise companies that manage their own telecommunications networks. Since June of 2009 he has also served as General Counsel of Spread Networks, LLC, which is the industry leader in the construction and operation of low latency high speed networks. Before joining Spread he was General Counsel for OnFiber Communications, a competitive telecommunications provider, and was the sole attorney for Qwest Communications International in support of its construction of an 18,800 mile fiber optic network spanning the United States. Earlier he was lead counsel for U S WEST in its wireless and cable television ventures in the United States, Europe and Hong Kong.

Saturday, November 26, 2011

AT&T sets aside $4 billion for T-Mobile breakup fee

In a sign that its merger prospects are dimming, AT&T said Thursday that it will take a $4 billion accounting charge this quarter to cover part of the break-up fee it will owe, if its bid to acquire T-Mobile fails to gain regulatory approval.