AT&T Acquires T-Mobile USA
The biggest news to come out of this year’s CTIA will have nothing to do with hardware: AT&T has just announced its intention to fully acquire T-Mobile USA in a $39 billion deal. The purchase will create the largest domestic US carrier, serving some 130 million customers — that is, if this mammouth deal passes regulatory approval. The companies expect the purchase to close in about 12 months, assuming that everything goes smoothly.
Sprint had originally been rumored in a T-Mobile tie-up, although clearly AT&T has been in substantial negotiations with Magenta’s German parent corporation, Deutche Telekom, for some time now. More details on this huge industry shake up — promised to speed up LTE deployment to T-Mob’s subscribers while providing more coverage and capacity to AT&T customers — will be revealed at a 12:30PM EST webcast tomorrow, Monday the 21st.