AT&T (NYSE: T) Phone Company is once again challenging the imminent merger of Sprint Nextel (NYSE: S) with Clearwire (NYSE: CLWR), whose aim is to merge both companies’ WiMax assets in order to create a nationwide broadband wireless network.
This merger would be huge for Wimax, estimating a deal worth 14. 5 billion dollars, and is promising to be a huge success. Just ask Comcast (NASDAQ:CMCSA), Time Warner (NYSE:TWX), Intel (NASDAQ:INTC), and Google (NASDAQ:GOOG), all companies who are currently backing this magnanimous merger.
This union would be a grave threat to AT&T’s future success and longevity as a company, and therefore they are claiming that Sprint and Clearwire are “failing to make the required showings necessary for the commission’s review.” They are hoping that this new claim against Wimax would prohibit the FCC from approving its launch.
AT&T clearly understands the importance of mass mergers, seeing as how the company exists today solely because of a mergence between their company and Bellsouth. This alliance has allowed AT&T to grow and reach profound heights in profit margins and overall global accessibility. The same could all too easily occur as a result of the coalition between Sprint and Clearwire, an outcome that obviously leaves AT&T worried.
And AT&T has more than one reason to be nervous about the Wimax wireless network. AT&T is currently working on their own 3G wireless technology, but it is still light years away from the technology currently being deployed by the Sprint and Clearwire union.
With advanced technologies and unparalleled support from large corporations such as Intel and Google, it is no surprise why AT&T is scared about its ineludible launch.