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|21st March 2011, 06:14||#1|
AT&T and T-Mobile: Wireless' mega merger
In a blockbuster mobile deal, AT&T announced today it had agreed to acquire T-Mobile USA from Deutsche Telekom for $39 billion.
The acquisition would make AT&T the dominant wireless player in the U.S. with the addition of more than 33 million subscribers to its 95.5 million customer user base, giving it a new total of more than 129 million subscribers. The merger would push AT&T past Verizon Wireless, which would become the U.S. second largest wireless carrier with a little more than 102 million subscribers.
"This transaction represents a major commitment to strengthen and expand critical infrastructure for our nation's future," AT&T Chairman and CEO Randall Stephenson said in a statement announcing the deal. "It will improve network quality, and it will bring advanced LTE capabilities to more than 294 million people."
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