Deals
AT&T Said to Seek Asset Sales to Save Bid for T-Mobile
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AT&T Inc. is approaching smaller rivals including MetroPCS Communications Inc. and Leap Wireless International Inc. to sell spectrum and subscribers as part of an attempt to save its $39 billion takeover of T-Mobile USA Inc., said two people with direct knowledge of the situation.
The phone company, based in Dallas, has also reached out to CenturyLink Inc., Dish Network Corp. and Sprint Nextel Corp. to gauge their interest in buying assets, said the people, who declined to be identified because the talks are private.