AT&T’s new tactic: token gifts of assets

Looks like AT&T thinks that it just needs to sell a few tiny assets and the DoJ will be all okay with the T-Mobile deal. And MetroPCS seems to be the lucky winner:

MetroPCS Communications Inc. (PCS) has emerged as the frontrunner to buy assets from AT&T Inc. (T) and T- Mobile USA Inc. as those companies seek to win government approval for their $39 billion merger, according to people familiar with the matter.

Though the size of the deal isn’t yet definite, it would likely include subscribers and wireless spectrum, said the people, who couldn’t be identified because the talks aren’t yet public. The deal’s value is likely to be less than $4 billion, said one person.

Somehow I think $4 billion isn’t really enough here.

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