T-Mobile USA saving cash to keep top execs if AT&T merger passes

[Corey]

T-Mobile USA has been setting aside cash that it plans to use in an effort to keep its top employees on board should AT&T’s proposed $39 billion takeover of the firm gain U.S. regulatory approval. The carrier has reportedly already recorded $64 million in merger-related employee costs during the past two quarters. A spokesperson for T-Mobile’s parent company Deutsche Telekom confirmed to The Wall Street Journal that T-Mobile USA is indeed saving money to keep “top employees on board” after the deal closes. AT&T originally said the deal would close by March 2012, however it recently pushed that date back after the U.S. government filed a lawsuit in an effort to block the acquisition.

 

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