Home > News > AT&T Agrees to Buy T-Mobile for $39 Billion • Bookmark   • Newsletters   • Register Search Options


AT&T Agrees to Buy T-Mobile for $39 Billion

AT&T Agrees to Buy T-Mobile for $39 Billion
Get XBIZ News
Mar 21, 2011 7:30 AM PDT    Text size: 

DALLAS and BONN, Germany — Telecommunications giant AT&T has agreed to buy T-Mobile USA from Deutsche Telekom for $39 billion.

With the addition of T-Mobile’s 33 million subscribers, the deal would make AT&T the biggest wireless provider in the U.S. with a total of more than 129 million customers.

Verizon Wireless would then become the second biggest player with 102 million subscribers.

The deal gives T-Mobile users access to a planned 4G wireless network using Long Term Evolution (LTE) technology replacing its HSPA+ that delivers 4G-like speeds.

 "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," said AT&T chairman and CEO Randall Stephenson in a statement announcing the deal.

The terms of the agreement — approved by both boards of directors — call for AT&T to pay $25 billion in cash and the remainder in stock, which gives Deutsche Telekom an eight percent stake in AT&T and a seat on its board of directors.

The deal still needs regulatory approval that reportedly could take up to a year.

But there’s some concern that the merger would shrink customers’ choice for wireless GSM carriers — the main wireless technology in the U.S. and the European standard.

The Federal Communications Commisssion (FCC) has been uneasy about AT&T and Verizon owning 60 percent of the wireless market in terms of subscribers and revenue and the new deal could spark antitrust rumblings.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !


How Billers Help Merchants Profit While Playing by the Rules

Adult merchants face a wide range of challenges and considerations, including those surrounding the receipt and processing of payments for their products and services — a process governed by numerous... More »

A Look at the Latest Technological Advances in Billing

As the digital media industry races headlong into a future full of new technology, one vital underpinning — the ability to easily, profitably, and safely process payment transactions — is taking... More »

Sex Toy Storage Creators Discuss Growing Consumer Demand for Hygienic Options

Growing up, you probably had a few toys. When playtime came to an end, you were probably asked to put them away. Now, you are a grown up, and you probably have some toys of a different variety. But where... More »
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.

Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.


XBIZ.net Paysite Meetup

May 04 - May 04
Prague, Czech Republic

Eurowebtainment 2017

May 17 - May 20
Majorca, Spain

XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!