Financial analysts are becoming pessimistic that AT&T (NYSE:T) will win approval for its proposed $39 billion acquisition of T-Mobile USA. The analysts argue that to improve the deal's prospects, AT&T will have to make significant concessions ahead of a February trial with the Department of Justice, which is suing to block the deal on antirust grounds.
According to the Financial Times, most analysts now rate the deal's chances as less than 50/50, with some even giving it only a 20 percent chance of approval. Bankers note that for the deal win approval, AT&T might have to sell significant spectrum--likely AWS airwaves--to a smaller player like MetroPCS (NASDAQ:PCS).
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