AT&T To Buy T-Mobile USA for $39 Billion

Sunday, March 20, 2011 22:30
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AT&T To Buy T-Mobile USA for $39 Billion

Tags: phones | Wireless Carriers

AT&T announced on Sunday that it had agreed to buy T-Mobile USA from Deutsche Telekom for $39 billion, in a deal that would create the largest carrier in the nation and promised to reshape the industry.

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The newly combined company — bringing together AT&T’s 95.5 million wireless subscribers with T-Mobile’s 33.7 million customers — would account for roughly 42% of all wireless subscribers in the United States versus Verizon's 31%, says  a report in The New York Times.

 

While the merger would reduce competition in the long run, AT&T needs to do something to compete with Verizon and this may be the best answer. So despite anti-trust concerns, this seems like it's a good deal for consumers.   

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