AT&T Determined to Save T-Mobile Deal [REPORT]

AT&T has a plan to save the $39 billion T-Mobile acquisition blocked by the U.S. government, reports Reuters quoting sources familiar with the matter.

AT&T's new plan has two parts: First, it will pledge to keep T-Mobile's subscription plans and rates at current levels. Second, it will need to sell off up to 25% of T-Mobile's business, potentially including airwaves and customers.

Some analysts doubt AT&T can pull off the merger. Former antitrust enforcer Bob Doyle told Reuters it would be difficult to find a buyer for parts of T-Mobile's business in the U.S., as a sale to either Verizon or Sprint would also cause antitrust lawsuits.

Should AT&T fail to reach a settlement, it will need to pay T-Mobile's owner Deutsche Telekom approximately $6 billion.