AT&T Inc. (NYSE: T) is working on a deal that it hopes will salvage its $39 billion takeover of T-Mobile USA, a division of Germany’s Deutsche Telekom AG (OTC: DTEGY). AT&T is in talks with Leap Wireless International Inc. (NASDAQ: LEAP) regarding a potential sale of some assets to the smallest of the four US wireless carriers.
According to Reuters, the deal would involve AT&T selling unspecified assets in the hope of retaining T-Mobile’s high-speed capability.