AT&T To Purchase T-Mobile USA
Well now here’s a right turn up for the books, only the other day the word was that Sprint was in talks with T-Mobile owner Deutsche Telekom with a view to acquiring T-Mobile USA, and now it appears that Sprint has been replaced by none other than AT&T.
According to an article over on Tmonews, AT&T and Deutsche Telekon have jointly announced the second largest carrier in the US of A has entered a “definitive agreement” to acquire T-Mobile USA in a $39 billion cash and stock deal.
AT&T Chairman and CEO, Randall Stephenson has said, “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.”
RenÃ© Obermann, Deutsche Telekom Chairman and CEO said, “After evaluating strategic options for T-Mobile USA, I am confident that AT&T is the best partner for our customers, shareholders and the mobile broadband ecosystem. Our common network technology makes this a logical combination and provides an efficient path to gaining the spectrum and network assets needed to provide T-Mobile customers with 4G LTE and the best devices. Also, the transaction returns significant value to Deutsche Telekom shareholders and allows us to retain exposure to the U.S. market.”
Well that came right out of the left field, so what do our readers think of AT&T acquiring T-Mobile USA? Will the partnering of the two be good for both AT&T and T-Mobile customers, or do you feel perhaps AT&T shouldn’t have gone after T-Mobile, feel free to voice your opinion to our comments area below.