4. Federal Communications Commission Proceeding

On April 21, 2011, AT&T and Deutsche Telekom AG (T-Mobile's parent company) filed applications with the FCC pursuant to sections 214 and 310(d) of the Communications Act of 1934 (47 U.S.C. §§ 214, 310(d)), seeking FCC consent to transfer control of the licenses and authorizations held by T-Mobile USA, Inc. and its subsidiaries to AT&T Inc. (WT Docket No. 11-65.) The FCC's goal is to complete action on transfer of control applications (i.e., granting, designating for hearing, or denying) within 180 days of the release of public notice, which in this case was April 28, 2011. Therefore, it appears that the FCC may issue a decision granting or denying the merger by the end of October 2011.