T-Mobile are to be acquired from Deutsche Telecom by AT&T for $39 billion dollars. The deal could see the two US wireless operators expand to over twice the size of Sprint Nextel and become one third the size of Verizon.
This could be great news for subscribers of both networks as the merging of the two would offer vastly improved coverage and mobile broadband service especially for 4G LTE expansion. AT&T Chariman and CEO Randall Stephenson heralded the move saying “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”, he went on to say “This transaction represents a major commitment to strengthen and expand critical infrastructure for our nation’s future.”
The deal is yet to be approved by the regulator but is expected to be closed within the next 12 months.