AT&T agrees to buy T-Mobile from Deutsche Telekom for $39 billion

Wowzers! AT&T and Deutsche Telekom have entered into a definitive agreement for the sale of T-Mobile USA for $39 billion in cash and stocks. The combined customer base of this upcoming behemoth will be 130 million humans, though the agreed deal will have to pass the usual regulatory and closing hurdles before becoming complete. The two companies estimate it’ll take them 12 months to get through all the bureaucracy — if they get through, the proposed network merger will create a de facto GSM monopoly within the United States — but we don’t have to wait that long to start discussing life with only three major US carriers. AT&T envisions it as a rosy garden of “straightforward synergies” thanks to a set of “complementary network technologies, spectrum positions and operations.” For more details on that, hit up the Mobilize Everything site below or jump past the break for the official press release. Continue reading AT&T agrees to buy T-Mobile from Deutsche Telekom for $39 billion AT&T agrees to buy T-Mobile from Deutsche Telekom for $39 billion originally appeared on Engadget on Sun, 20 Mar 2011 14:27:00 EDT. Please see our terms for use of feeds . Permalink

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