Earlier today AT&T and Deutsche Telekom entered a deal for the acquisition of T-Mobile, which between cash and stocks is a deal valued at 39 billion. Part of the deal also gives Deutsche Telekom an equity stake of the company, which is about an 8% of ownership in the company. While this news is rather stunning, and customers of both networks probably have many questions, keep in mind that it will take at least a year to finalize, and faces regulatory approval, but either way this is pretty huge news. With the joining of the two networks, they certainly hope to build one super network, which they put as:
AT&T’s acquisition of T-Mobile USA provides an optimal combination of network assets to add capacity sooner than any alternative, and it provides an opportunity to improve network quality in the near term for both companies’ customers. In addition, it provides a fast, efficient and certain solution to the impending exhaustion of wireless spectrum in some markets, which limits both companies’ ability to meet the ongoing explosive demand for mobile broadband.
As the deal continues to develop, we will continue to bring you the news. All we can hope for is one super competitive true 4G network that is ready to compete with Verizon. For all the details currently available be sure to check out the press release here. [Business Wire]
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