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.
also will receive an unspecified equity stake in the combined company.
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.