AT&T and T-Mobile are considering forming a joint venture in the (increasingly likely) event that their bid to merge fails, the Wall Street Journal reported late Wednesday.
A joint venture is method for two or more companies to cooperate in a certain business area without formally combining their assets. The video website Hulu, for example, is a joint venture between several large entertainment companies that compete in other areas of business.
There’s been no confirmation of any discussion of a joint venture from AT&T and T-Mobile’s German parent company, Deutsche Telekom, let alone any details on what such a partnership might entail, but The Verge theorizes it could take the form of the collaboration between French telecom giant Orange and T-Mobile in the UK, called “Everything Everywhere.”
