...readers, on the merger of fourth and fifth largest wireless telecommunication companies, T-Mobile and MetroPCS. This article provides a significant details on the merger, like details of what was negotiated, how the wireless industry will looks like after the acquisition of MetroPCS by T-mobile and further more. Anton and Archibald also provided some insight on the company financial status before and after the merger, what were the negotiated terms, how the merger is going to impact the other two wireless giants, Verizon and AT&T and what consumers may expect after the merger is completed. Anton further explained that this merger will go through without any issues or concerns raised from the the regulators. T-mobile was once before was in the process of getting acquired by the wireless giant, AT&T for a well negotiated price of $39 billion dollars but that deal was shot down by the regulators. This action was felt necessary by the regulators to avoid reducing the ranks of the national carrier from four to three and to avoid monopoly. Further in the article, both authors describe some of the merger negotiated details. First, the combined company will be called T-mobile and will be ran by T-Mobile CEO John Legere, MetroPCS CEO decided that he will step down and will not hold any position in the combined company. Secondly, all customers from MetroPCS will be moved to T-Mobile network and the company will completely shut down in 2015. Third, Deutsche Telekom ( T-mobile, USA parent...
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...The $84.5 billion AT&T-Time Warner merger should be denied by the federal government for multiple reasons. Based on what what I have learned about white collar crime and the media deal between the two telecommunication companies, this merger is a deal that could put the company at risk of committing white collar crimes. Both AT&T and Time Warner are already big corporations in the media industry, and their union will make even fewer titans. It will lead to a huge amount of power for AT&T and will be in violation of anti-trust laws set forth by the government itself. This deal is not in the public interest and federal regulators should scrutinize this deal and consider the effect it will have on smaller telecommunication businesses, consumers, and employees. Time Warner owns popular media companies such as CNN, HBO, and Warner Bros. Studios. AT&T is a major provider of telephone, internet and cable services across the nation. Both of these companies are incredibly large and prosperous on their own. Together, they would make the few number of companies that dominate the telecommunications market even smaller. This could have a negative effect on the free-market economy if they use this power to monopolize the market. This is exactly what Anti-trust laws were designed to prevent. The Clayton Act, an...
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...International ISSN: 2278-6236 Journal of Advanced Research in Management and Social Sciences Impact Factor: 4.400 MERGERS A N D ACQUISITIONS IN THE INDIAN BANKING SECTOR: A STUDY OF SELECTED BANKS Komal Gupta* Abstract: In the present era of global economy, Mergers most widely used business strategy restructuring greater market economies share, long term of corporate profitability, entering of scale etc. The present paper evaluates on the financial is conducted performance and Acquisitions have become the and strengthening new markets, capitalising the effects of merger and acquisitions to analyse the effectiveness on the banks. Two cases of merger and acquisitions of mergers and acquisitions have been taken randomly the study, first the merger of ICICI bank and The Bank of Rajasthan, Bank of Punjab. The results of the study indicate positive and acquisitions on the financial as sample for and second the merger of HDFC bank and Centurion of mergers on of the selected banks in India. Pre and post merger comparison on selected variables impact to achieve performance that there is a of the selected banks. Key Words: Mergers and acquisition, Banking, Financial Performance, Financial Ratios, Synergy. *Assistant Professor, Maharaja Agrasen College, Delhi University Vol. 4 | No. 3 | March 2015 www.garph.co...
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... Objective To retain current SBC and AT&T customers pre and post mergers. To acquire non AT&T and SBC customers Target Audience Current SBC and AT&T retail customers. Non AT&T and SBC customers Timeline 2 months pre-merger to 2 years post-merger Communication Plan Contributors * Outsourced communication expert consulting company * Outsourced Marketing Firm * Internal public relations department * Internal Marketing department Approvals Required CEO and VP of Marketing Messaging * Value of how AT&T merger will benefit the customer on service, time, product and technology * Building excitement on what is to come with the merger * Building awareness on what is the new AT&T brand * Building awareness on new and existing products being offered “AT&T is your new and improved communication provider. We are mature enough to know how to do business, and innovative enough to provide you the best products and services to keep you connected all under one roof” Challenges * Customer confusion in the transition with billing * Customer confusion with product line of new company * Customers not seeing the value in the merger * Customer succumbing to competitor messaging. Competitor Messaging Research what the competitors are saying about the merger to their customer base and create messaging to counteract. Communication Plan Budget ...
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...AT&T Merging with Comcast Tonya Mealey, Teneisha Bonner, and Richard Chan ECON220-X-1302B-02/Professor Luzius July 14th, 2013 Abstract For our group 5 project, we have collected information about the company AT&T merging with Comcast. In this paper, the industry description introduces the company and explains the history of the company. The supportive argument and the argument against the merger are discussed. Keywords: AT&T, Comcast AT&T Merging with Comcast Initially, Comcast proposed to buy AT&T Broadband for 44.5 billion in assets and 13.5 billion in deficit assumption. AT&T’s committee did not accept the acquisition and Comcast offered to merge with AT&T broadband to establish AT&T Comcast. AT&T assets have been dropping and this coalition would probably help them by letting Comcast, which has a great understanding in the broadband business, work with the many resources AT&T has to present. The merger is set at $72 billion. Comcast thinks the coalition with AT&T will keep them rich and it will get 2.2 million broadband consumers and 22 million co responders, news and entertainment supporters. They are evaluating the merger to decide if the aftermath will be an accomplishment or a downfall (Brinkerhoff, 2010). Industry Description: AT&T, is considered to be a telecommunications industry, and is among the world’s premier voice, video, and data communications companies serving millions of consumers, businesses...
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...reference to the AT&T and T-Mobile merger. The first argument will be in favor of the merger and the second being opposed to the merger. Argument in favor: The merger will benefit workers and consumers for a few different reasons. T-Mobile, who is financially incapable of truly accessing the potential of their high speed network. The 39 billion dollar acquisition will ensure that the high speed network expands to ninety seven percent of the population. AT&T, who has a track record of poor reception and coverage will benefit from the merger, allowing them to maintain customers as well as acquire new ones. The workers with T-Mobile will suffer no involuntary job loss. The merger will maintain jobs as well as give opportunity for new ones. The merger will benefit current T-Mobile subscribers, giving them access to more services such as broadband internet connection as well as paid television services. Argument opposed: The disadvantage to this merger means possible price increases for their wireless service. T-Mobile who is known for low priced plans and phones would be adopted into a company that does not offer economically sound plans. The merger has the potential to create a saturated market, giving the majority of stake in the wireless provider market to AT&T. The merger could take a long amount of time, having to gain approval from the FCC and the Department Of Justice. In my personal opinion, the FCC and the DOJ will not allow AT&T to acquire without...
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...Individual research objective Recently, there has been a lot of news about companies’ combination deals. Especially, in the telecommunication sector, mergers are the trend of the moment. M&A deals grab headlines, but what does this all mean to investors? This individual research tries to figure out the effects of mergers and acquisitions and what happens to the stock price when a company is bought out. Definition The terms of merger and acquisition mean slightly different things. Merger When two firms, often of about the same size, agree to go forward as a single new company rather than remain separately owned and operated, mergers happen. Usually mergers occur in a friendly setting where executives from the respective companies participate in and try to ensure a successful combination of all parts. Mergers are often financed by an all stock deal (a stock swap). An all stock deal occurs when all of the owners of the outstanding stock of either company get the same amount (in value) of stock in the new combined company. Acquisition When one company takes over another and clearly established itself as the new owner, the purchase is called an acquisition. Unlike mergers, acquisitions happen through a hostile takeover by purchasing the majority of outstanding shares of a company in the open market. Acquisitions can be carried out in a number of ways, including exchanging cash, stock, debt, or combinations thereof. In an acquisition, shares of the acquiring company continue...
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...AT&T: The Mobile Monster Carrier? Considering that 72% of parents invite it into their beds and bedrooms, while only 62% of childless adults welcome it (Nielsen)… This is just one of numerous, ever-increasing cell phone usage statistics in America, part of a study by Nielsen conducted in 2010. AT&T, the nation’s best mobile phone coverage provider in the world (AT&T) and the nation’s fastest mobile broadband network, has recently set out to acquire T-Mobile. T-Mobile is one of the world’s largest multi-national cell phone service providers. The T-Mobile wireless company provides the ability for its customers to maintain coverage almost anywhere in the world with the same mobile device and phone number. The merging of these two very powerful companies will potentially increase 4G-network coverage worldwide, to reach more consumers everywhere, and to create over an estimated 95 thousand jobs; many of which would be in America (AT&T). Corruption in technology makes most think of corrupt files and error messages on digital devices. However, corruption also often occurs in the technology industry between digital design firms, computer companies, and even wireless phone service providers. Corruption is the impairment of integrity, virtue, or moral principle (Webster); it occurs in many markets and countries. This report will be focused on corruption in technology, with concentration in the wireless phone service industry. Before wireless phone providers are discussed though...
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...Available online at http://www.akpinsight.webs.com Merger and Acquisitions (M&As) in the Indian Banking Sector in Post Liberalization Regime Dept. of Commerce, AMU, Aligarh India Azeem Ahmad Khan ABSTRACT The purpose of this paper is to explore various motivations of Merger and Acquisitions in the Indian banking sector. This includes the various aspects of banking Industry’s Merger and Acquisitions. It also compares pre and post merger financial performance of merged banks with the help of financial parameters like Gross-Profit Margin, Net- Profit Margin, Operating Profit Margin, Return on Capital Employed (ROCE), Return on Equity (ROE) and Debt-Equity Ratio. Through literature review it comes to know that most of the work done high lightened the impact of Merger and Acquisitions on different aspects of the companies. The data of Merger and Acquisitions since economic liberalization are collected for a set of various financial parameters. This study also examines the changes occurring in the acquiring firms on the basis of financial ground and also the overall impact of Merger and acquisitions (M&As) on acquiring banks. The Researcher used independent t-test for testing the statistical significance and this test is applied not only for the ratio analysis but also to test the effect of Merger and Acquisitions on the performance of banks. This performance is being tested on the basis of two grounds i.e. Pre merger and Post merger. The result of the study indicates that the banks...
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...Lester Electronics Financing Alternative Benchmarking for Bernard Lester University of Phoenix MBA – 540 Introduction In this paper will compare and contrast issues that various companies had experienced in past mergers to the issues presented in the Lester Electronic Scenario. The companies benchmarked are Disney-Pixar, Lucent-Alcatel, Monaco Coach Corporation, SMC Corporation, Infosmart-Cyber Merchants, Fidelity Bank of Nassau, Royal Bank of Canada, and AT&T. One of the issues presented in the scenario is that LEI was preparing to conduct a joint venture with Shang-wa when Transnational Electronics made an offer to acquire Shang-wa. The main issue is that if Shang-wa is acquired by TEC, the joint venture between Shang-wa and LEI will not be possible. LEI intends to remain as the company of choice but this might not be possible if TEC acquires Shang-wa. Some of the concepts that Team A will evaluate considering the LEI scenario issues are: capital management strategies to maximize shareholder wealth, economic exposure, the challenges of cross-border growth strategies, working capital management, and internal and external growth strategies, and cultural barriers, while identify the best financing alternative for the merger. Companies Benchmarked Alcatel-Lucent – Yolanda Smothers Alcatel-Lucent provides telecommunications solutions globally to...
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...established standards of rationality, reason and dignity embedded in Categorical Imperative and whereas, immorality is somewhat a violation of moral philosophy and is not embedded in Categorical Imperative, which is self governing reason that each and every individual possess as a guiding factor in practical affairs, business decisions such as the failed merger of AT&T and TMobile merger. Reason, declared Kant, is the source and ultimate basis for morality (Cavico & Mujtaba, 2013). Meaning, morality is not based on the animalistic side of man, but, rather on a God given conscience weaved in the moral laws which are the opposite of intuition or utility. This moral law is binding on human beings, simply because they are rational (Cavico & Mujtaba, 2013), however; what makes man rational? Does the rationality of man only apply to personal matter not business matter? Does that rationality prevent business controversies? Rationality is a most desirable quality of man, however; such rationality does not always apply to business matter. The merger of the second and fourth largest telecommunications companies, AT&T and T-Mobile is a prime example of how far man will go in order to ignore his God given conscience. However, the same man that is often ready to make irrational business moves is somewhat careful when it comes to personal matter or family matters. A perfect example is the fast food industry, where without any doubt, these fortunes 500, companies would not allow...
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...Ronald Morris In October 26, 2004 the Justice department approved the $41 billion merger of Cingular wireless LLC and AT&T wireless services Inc; this merger required the combined company to sell off assets in eleven states in order to satisfy antitrust concerns, such as airwave licenses, customer contracts and other assets. The merger of Cingular and AT&T wireless would create over 47 million customers in 49 states. Surpassing Verizon wireless as the nation’s largest cellular provider. Without doing this wireless customers in these markets would have had fewer choices for wireless service and faced the risk of higher prices, and fewer choices for high speed wireless data services. The justice Department filed a complaint with concerns of the merger could result in higher prices and slower deployment of new service to consumers.”By approving the merger the federal regulators are saying goodbye to price reduction and better services options consumers have grown to expect from cell phones companies”,(Gene Kimmelman Senior Director for public policy advocacy at consumers union. Stanley T.Sigman, President and chief executive of Atlanta-Based Cingular Said” This merger will create a premier provider that is very well-equipped to meet the most demanding need of wireless customers today and in the future,” The outcome of the company’s responses to the issue is, The merger was completed, AT&T wireless shareholders receive $ 15 per common share or approximately $41 billion...
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...ANALISIS LABA DAN KINERJA KEUANGAN PERUSAHAAN PENGAKUISISI SEBELUM DAN SESUDAH MERGER DAN AKUISISI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2008-2009 Nama: Willy Bundianto NIM: 201160047 A. JUDUL PENELITIAN ANALISIS LABA DAN KINERJA KEUANGAN PERUSAHAAN PENGAKUISISI SEBELUM DAN SESUDAH MERGER DAN AKUISISI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2008-2009 B. ABSTRAK Tujuan dari penelitian ini adalah untuk mendapatkan bukti empiris apakah perusahaan pengakuisisi melakukan manajemen laba sebelum pelaksanaan merger dan akuisisi. Juga bertujuan untuk mengetahui perubahan kinerja keuangan perusahaan pengakuisisi sebelum dan sesudah merger dan akuisisi. Earnings management oleh perusahaan adalah proksi akrual diskresioner (DA). Kemudian untuk pengukuran kinerja perusahaan yang diukur dengan rasio keuangan meliputi total asset turnover, net profit margin, dan return on asset. Analisis dilakukan dengan menggunakan independent sample t-test dan uji sampel berpasangan. Hasil penelitian menunjukkan bahwa ada indikasi manajemen laba yang dilakukan dengan mengambil alih perusahaan sebelum merger dan akuisisi dengan memanfaatkan peningkatan pendapatan akrual. Selain itu, kinerja keuangan perusahaan yang diukur dengan rasio total asset turnover memiliki peningkatan setelah merger dan akuisisi, sedangkan net profit margin dan return on assets memiliki penurunan setelah merger dan akuisisi. C. PENDAHULUAN Latar Belakang Masalah Perkembangan zaman yang begitu pesat semakin mendorong...
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...following using the terms listed. A. sole proprietorship B. partnership C. corporation D. merger E. acquisitions F. horizontal merger G. conglomerate merger H. outside directors I. vertical merger J. small business K. business plan L. alien corporation M. domestic corporation N. franchising O. corporate charter 1. The form of business ownership that is subject to the least legal red tape is the _____. ANS: A DIF: 1 REF: p. 180 OBJ: TYPE: KN 2. If Chrysler and Ford were to merge, it would be an example of a(n) _____. ANS: F DIF: 1 REF: p. 187 OBJ: TYPE: AP 3. The form of business ownership that establishes the firm as a separate legal entity is the _____. ANS: C DIF: 1 REF: p. 182 OBJ: TYPE: KN 4. If Anheuser-Busch were to acquire a bottling/canning firm, it would be an example of a(n) _____. ANS: I DIF: 1 REF: p. 187 OBJ: TYPE: AP 5. _____ are people on the board of directors of a corporation, but are not employed by the corporation. ANS: H DIF: 1 REF: p. 185 OBJ: TYPE: AP 6. A(n) _____ refers to two or more firms that combine to form one company. ANS: D DIF: 1 REF: p. 187 OBJ: TYPE: KN 7. A(n) _____ occurs when one firm purchases the property and assumes the obligations of another. ANS: E DIF: 1 REF: p. 187 OBJ: TYPE: KN 8. A merger of firms in unrelated industries is called _____. ANS: G DIF: 1 REF: p. 187 OBJ: TYPE: KN 9. When...
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... Mark Ogutu Kildia Martinez A.T. Kearney and the New "Defining Entity" 04/08/2016 A T KEARNEY AND THE NEW DEFINING ENTITY I. Statement of the Problem Electronic Data Systems (EDS) acquired A T Kearney with the vision of creating the most powerful management solution company in the world. Many employees became concern with such acquisition. Many consultants were concern with the changes this merge might bring to their job and the way they work. These were two different organizations, with different skills and cultures. Seniors consultant were concern the many changes these two organizations would have to make in order make sure they work together, efficiently and of course that they would both benefit from such acquisition. II. Summary of the Facts Technology has revolutionized the way we do business these days, IT is not just the back end of the office anymore. The technology system is the key to any business today, it can help reduce and solve product problems, create communication channels and set new levels of service. The acquisition between A.T Kearney and EDS have raised many issues and concerns not only to the consultants but also to management. One of the concerns they are really worry about is to maintain the clientele happy. They are looking to see how they are going to deal the control merger in terms of clients, which company is going to do what and if one does one thing where is the other one standing. Many questions...
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