San Antonio, Texas – AT&T (NYSE: T) has announced that it will
acquire fellow mobile network operator T-Mobile USA from parent company
Deutsche Telekom, in a deal valued at $39 billion. If approved by federal
antitrust regulators, the deal would create the nation’s largest wireless
carrier, by combining AT&T — currently the second-largest carrier behind
Verizon — with the T-Mobile, the fourth-largest U.S. carrier.
Deutsche Telekom
also will receive an unspecified equity stake in the combined company.
AT&T
said the acquisition would allow it to add network capacity more quickly than
any other alternative, boosting its access to highly coveted wireless spectrum
as a growing number of consumers adopt mobile broadband.
"It will improve
network quality, and it will bring advanced LTE capabilities to more than 294
million people," said Randall Stephenson, AT&T’s chairman and CEO.
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