T-Mobile and ATT

AT&T to Buy T-Mobile USA in $39 Billion Deal

AT&T announced on Sunday that it has agreed to buy T-Mobile
USA from Deutsche Telekom for $39 billion in cash and stock,
in one of the biggest mergers since the onset of the
financial crisis.

The deal will dramatically bolster AT&T's footprint in the
country, adding an additional 46.5 million customers.

Under the terms of the deal, AT&T will pay $25 billion in
cash and the rest in stock. Deutsche Telekom will in turn
gain an 8 percent stake in AT&T and a seat on the American
telecom giant's board.

Sent via BlackBerry from T-Mobile