AT&T to Buy T-Mobile USA For $39 Billion
AT&T and Deutsche Telekom AG today announced that they have entered into a definitive agreement under which AT&T will acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approximately $39 billion. The agreement has been approved by the Boards of Directors of both companies
This transaction represents a major commitment to strengthen and expand critical infrastructure for our nations future, said Randall Stephenson, AT&T Chairman and CEO. It will improve network quality, and it will bring advanced LTE capabilities to more than 294 million people. Mobile broadband networks drive economic opportunity everywhere, and they enable the expanding high-tech ecosystem that includes device makers, cloud and content providers, app developers, customers, and more. During the past few years, Americas high-tech industry has delivered innovation at unprecedented speed, and this combination will accelerate its continued growth.
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