Wow.
http://thenextweb.com/mobile/2011/03/20/att-to-acquire-t-mobile-usa-for-39-billion/
http://thenextweb.com/mobile/2011/03/20/att-to-acquire-t-mobile-usa-for-39-billion/
AT&T and Deutsche Telekom have agreed the sale of T-Mobile USA for $39 billion in cash and stocks. The combined customer base of this upcoming GSM behemoth will be 130 million users.
As part of the deal, Deutsche Telekom will walk away with 8% equity stake in AT&T and a position on the AT&T Board of Directors.
The agreement has been approved by the Boards of Directors of both companies.
Assuming the deal goes ahead, it would make AT&T the United States’ largest wireless carrier by a significantly greater margin.