Oppenheimer Comments on AT&T/T-Mobile Merger Withdrawl

In the report, Oppenheimer writes, “FCC approved T's withdrawal of its acquisition of T-Mobile USA and released its staff report, detailing its objections to the transaction. The probability of approval greatly increases with the possible sale of 40% of T-Mobile's assets (but it will still prove difficult, in our view). S announced the retirement of 2012 debt maturities, which leaves the company with just enough ammunition to potentially invest in CLWR.”

Companies included in the Oppenheimer report are: AT&T (NYSE: T), Sprint Nextel Corp. (NYSE: S), Clearwire Corp. (NASDAQ: CLWR), and Amazon.com Inc. (NASDAQ: AMZN)