Breaking News

Tweet TWEET

CWU’s Cohen Says Settlement More Likely in T-Mobile, AT&T Deal

The contested sale of Deutsche Telekom AG (DTE)’s T-Mobile USA unit to AT&T Inc. (T) is more likely to be settled out of court, Communications Workers of America President Larry Cohen said.

There is about a 60 percent chance of a settlement between the companies and the Justice Department, Cohen said in a telephone interview today. Should the case go to court, it would be 50-50 on which way the decision would go, he said.

The Justice Department sued to block the transaction on Aug. 31, saying a combination of the two companies would “substantially” reduce competition.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.