Peggy
Well-known member
Apparently the news just hit today.
According to several different sites, including Business Insider, Mashable.com, AT&T has indeed entered into and agreement to purchase T-mobile for an estimated $39 Billion, in stocks and cash.
This is from Mashable -
According to Business Insider -
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According to several different sites, including Business Insider, Mashable.com, AT&T has indeed entered into and agreement to purchase T-mobile for an estimated $39 Billion, in stocks and cash.
This is from Mashable -
AT&T just announced a definitive agreement with Deutsche Telekom to buy T-Mobile USA for $39 billion in cash and stock. In a press release, AT&T said the agreement has been approved by both companies’ boards of directors.
If the deal meets regulatory approval, AT&T will be the largest wireless provider in the United States. The company says the transaction will allow it to expand its 4G LTE network to 95% of the population of the United States, and touts enhanced “quality in the near term” for AT&T and T-Mobile customers.
According to Business Insider -
DALLAS & BONN, Germany--(BUSINESS WIRE)-- AT&T Inc. (NYSE:T - News) and Deutsche Telekom AG (FWB:DTE.f - News) today announced that they have entered into a definitive agreement under which AT&T will acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approximately $39 billion. The agreement has been approved by the Boards of Directors of both companies.
AT&T’s acquisition of T-Mobile USA provides an optimal combination of network assets to add capacity sooner than any alternative, and it provides an opportunity to improve network quality in the near term for both companies’ customers. In addition, it provides a fast, efficient and certain solution to the impending exhaustion of wireless spectrum in some markets, which limits both companies’ ability to meet the ongoing explosive demand for mobile broadband.
With this transaction, AT&T commits to a significant expansion of robust 4G LTE (Long Term Evolution) deployment to 95 percent of the U.S. population to reach an additional 46.5 million Americans beyond current plans – including rural communities and small towns. This helps achieve the Federal Communications Commission (FCC) and President Obama’s goals to connect “every part of America to the digital age.” T-Mobile USA does not have a clear path to delivering LTE.
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