AT&T Could sell Assets Worth $8 Billion Clinch T-Mobile Deal

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AT&T has hired Bank of America’s Merrill Lynch to advise it on the sale of as much as $8 billion in assets in an effort to gain the government’s approval of its planned T-Mobile acquisition. U.S. leading phone carrier AT&T that, if it’s planned $39 billion acquisition of number-four mobile operator T-Mobile goes through, it will have to sell some assets of its assets in order to meet regulatory requirements in various markets. However, now a report in The Wall Street Journal (subscription required) reports that the company has hired Bank of America Merrill Lynch to advise the company on the potential asset sales—and the amount involved could be worth upwards of $8 billion. AT&T and T-Mobile are operating as if their merger will be approved by regulators; the companies have indicated they expect the deal to be concluded in the first quarter of 2012. However, the merger is meeting stiff opposition not only from the companies’ competitors (like MetroPCS and especially Sprint), AT&T has hired Bank of America’s Merrill Lynch to advise it on the sale of as much as $8 billion in assets in an effort to gain the government’s approval of its planned T-Mobile acquisition. According to The Wall Street Journal, AT&T will try to sell off its network assets in an attempt water down its market power, but most of of the assets could actually be T-Mobile’s holdings.