T-Mobile May Pocket $6 Billion if AT&T Merger Falls Through

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Call it a win-win for T-Mobile, as Reuters is reporting that AT&T may have promised to slide T-Mo a cool $6 billion if the $39 billion mega-merger announced earlier this year doesn’t make it past regulatory approval.

Reuters quotes “two sources who asked not to be named,” so take this information with a spoonful of skeptic syrup if you like, but the “break-up fee” would apparently guarantee T-Mobile $3 billion in cash, $2 billion in air space (spectrum), “and a roaming agreement valued at $1 billion,” says Reuters.

A Senate subcommittee hearing earlier this week found the CEOs from AT&T and T-Mobile defending the proposed merger against complaints from Sprint and concerns from subcommittee members that the deal could pave the way for decreased competition, higher prices, and antitrust issues.

More on TIME.com:

Sprint Is Officially Not Happy with the AT&T Acquisition

AT&T Files T-Mobile Merger Documentation with the FCC

AT&T & T-Mobile: The Early Reactions

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