AT&T Grabs T-Mobile

AT&T and Deutsche Telekom AG entered into a definitive agreement under which AT&T will acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction valued at approximately $39 billion. The agreement has been approved by the boards of direct...

AT&T and Deutsche Telekom AG entered into a definitive agreement under which AT&T will acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction valued at approximately $39 billion. The agreement has been approved by the boards of directors of both companies and is expected to close in about 12 months.

With the transaction, AT&T commits to a significant expansion of 4G LTE (Long Term Evolution) deployment to 95 percent of the U.S. population to reach an additional 46.5 million Americans beyond current plans, including rural communities and small towns.
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