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

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.   

This Website Is For Financial Professionals Only