by George Heymann
techeadlines@gmail.com
AT&T buys T-Mobile USA for a reported $39 billion. If approved
by government regulators, the deal would make AT&T the largest U.S. carrier.
In hindsight, the acquisition makes a lot of sense for AT&T as AT&T and T-Mobile both use complimentary GSM technology and are building out their HSPA+ networks. In addition, AT&T is planning to use T-Mobile’s existing 1700 MHZ spectrum to supplement its ongoing 4G LTE build out.
After T-Mobile quelled speculation of a rumored Sprint Merger, the company inked a deal with AT&T for $25 billion in cash and $14 billion in stock, giving T-Mobile’s parent company Deutsche Telekom an approximately 8 percent stake in AT&T. The transaction is expected to close within 12 months.
Press Release after the break.
Read the rest of this entry »
Filed under: General technology, 3GPP Long Term Evolution, 4G LTE Buildout, AT&T, DeutscheTelekom, goverment regulators, GSM, HSPA+, LTE, merger, René Obermann, T-Mobile, T-Mobile USA, United States