AT&T To Buy T-Mobile For $39 B
AT&T the 2nd largest wireless company has agreeed to buy T-Mobile USA the 4th largest, from Germany phone company Deutsche Telekom. The $39 billion cash and stock option agreement has been approved by both boards.
T-Mobile customers will have access to AT&T product line including the iPhone.
This acquistion would give AT&T 129 million subscribers, this would bypass Verizon’s 101.1 subscribers to make AT&T the largerst U.S. cellphone company.