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AT&T's jobs vow in T-Mobile deal
Source: Bloomberg News |
September 1, 2011, Thursday
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AT&T Inc, seeking government approval for its US$39 billion acquisition of T-Mobile USA Inc, pledged to bring 5,000 call-center jobs back to the United States from other countries once the deal closes.
The company, which would become the nation's biggest mobile phone carrier after the acquisition, said yesterday in a statement that it wouldn't cut any US wireless call-center jobs as a result of the purchase. The jobs plan doesn't change Dallas-based AT&T's forecasts for savings from the deal, it said.
AT&T is working to bolster its case as analysts become less certain that the acquisition will be approved. A Stifel Nicolaus & Co survey of 32 polled observers published on August 11 found sentiment that the deal would be cleared had slipped since early July, with fewer than half saying it would be approved.
"At a time when many Americans are struggling and our economy faces significant challenges, we're pleased that the T-Mobile merger allows us to bring 5,000 jobs back to the United States and significantly increase our investment here," AT&T Chairman and CEO Randall Stephenson said in the statement.
The US Federal Communications Commission gave itself more time last month to review new data from AT&T, and lawmakers have criticized the acquisition.
The company, which would become the nation's biggest mobile phone carrier after the acquisition, said yesterday in a statement that it wouldn't cut any US wireless call-center jobs as a result of the purchase. The jobs plan doesn't change Dallas-based AT&T's forecasts for savings from the deal, it said.
AT&T is working to bolster its case as analysts become less certain that the acquisition will be approved. A Stifel Nicolaus & Co survey of 32 polled observers published on August 11 found sentiment that the deal would be cleared had slipped since early July, with fewer than half saying it would be approved.
"At a time when many Americans are struggling and our economy faces significant challenges, we're pleased that the T-Mobile merger allows us to bring 5,000 jobs back to the United States and significantly increase our investment here," AT&T Chairman and CEO Randall Stephenson said in the statement.
The US Federal Communications Commission gave itself more time last month to review new data from AT&T, and lawmakers have criticized the acquisition.
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