Big Names in Tech Back AT&T’s T-Mobile Bid
In its quest to win approval of its $39 billion takeover of T-Mobile USA, AT&T just got a lot of help from its friends. Eight technology giants, including Facebook and Microsoft, and 10 venture capital firms, filed letters supporting the acquisition on June 6.
The letters, filed with the Federal Communications Commission, lent their support to AT&T’s argument that the T-Mobile deal will help the company extend its next-generation data network across the country, helping to meet the growing need for wireless broadband services. “Many policy-related efforts will not be able to quickly address near-term capacity needs,” the Microsoft-led group wrote in its letter. “The FCC must seriously weigh the benefits of this merger and approve it.” Other companies that have signed on are Yahoo, Oracle and the BlackBerry’s maker Research in Motion. The venture capital firms include Kleiner Perkins Caufield & Byers and Sequoia Partners. Microsoft approached “a select few” technology companies to support the deal, mostly those whose products would obviously also benefit from wider data pipelines, and received quick and positive replies. The software giant also contacted several trade associations to which it belongs, letting them know of the company’s position. While Microsoft and Research in Motion have signed the letter, other notable smartphone players whose offerings consume large amounts of data, like Apple, have not.
Big Names in Tech Back AT&T’s T-Mobile Bid AT&T Wins Support in Silicon Valley for T-Mobile Deal (WSJ)