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AT&T Aquires T-Mobile 


It has been announced that AT&T has acquired T-Mobile USA from Deutsch Telekom for 39 billion dollars, making the phone company the largest wireless carrier. The acquisition brings AT&T's current subscriber base from 95.5 million to about 129 million, far surpassing Verizon with 102 million subscribers. AT&T Chairman and CEO Randall Stephenson said in a statement, "This transaction represents a major commitment to strengthen and expand critical infrastructure for our nation's future. It will improve network quality, and it will bring advanced LTE capabilities to more than 294 million people.
Under the new terms, AT&T will pay $25 billion in cash and the remainder in stock, giving Deutsche Telekom an 8 percent stake in AT&T and a seat on its board of directors. One of the main concerns for AT&T are antitrust regulators who will be concerned that the deal between the two largest GSM carriers in the U.S. will give customers only one carrier to choose from if they want to use that wireless standard.

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