In the largest deal the wireless industry has seen since 2004, AT&T has agreed to buy T-Mobile USA for $39 billion in cash and stocks. In acquiring T-Mobile from parent company Deutsche Telekom, AT&T will pick up an extra 34 million wireless customers, and will provide service to about 43-percent of all U.S. cell phones, making it the country's largest network operator. At the end of 2010, the company boasted about 95.5 million wireless subscribers -- only slightly more than Verizon's 94.1 million.In a statement, AT&T chairman and CEO Randall Stephenson heralded the deal as "a major commitment to strengthen and expand critical infrastructure for our nation's future," and predicted that it would "help achieve the President's goals for a high-speed, wirelessly connected America." But the agreement still faces some potentially major hurdles.
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AT&T Buys T-Mobile: What Does It Mean for Consumers? originally appeared on Switched on Mon, 21 Mar 2011 08:32:00 EST. Please see our terms for use of feeds.
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