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+--- Thread: AT&T to acquire T-Mobile USA for $39 billion. (/showthread.php?tid=39534)
AT&T to acquire T-Mobile USA for $39 billion. - Locked - 2011-03-20
Quote:In a blockbuster mobile deal, AT&T announced today it had agreed to acquire T-Mobile USA from Deutsche Telecom for $39 billion.
The acquisition will bolster AT&T's dominance with the addition of more than 33 million subscribers to its 95.5 million customer user base, giving it a new total of more than 129 million subscribers. Verizon Wireless, the second largest wireless carrier, has a little more than 94 million subscribers.
"This transaction represents a major commitment to strengthen and expand critical infrastructure for our nation's future," AT&T Chairman and CEO Randall Stephenson said in a statement announcing the deal. "It will improve network quality, and it will bring advanced LTE capabilities to more than 294 million people."
Under the terms of the deal, AT&T will pay $25 billion in cash and the remainder in stock, giving Deutsche Telecom an 8 percent stake in AT&T and a seat on its board of directors. The deal has been approved by both boards of directors but is still subject to regulatory approval.
In addition to the size of the combined subscriber bases, antitrust regulators are likely to be concerned that the deal will also merge the two largest GSM carriers in the U.S., giving customers only one carrier to choose from if they want to use that wireless standard. GSM is the dominant global wireless technology and the standard in Europe, meaning that U.S. cell phone users who travel frequently will need to carry one of AT&T's phones.
The deal will also give T-Mobile users access to a planned 4G wireless network using LTE, or Long Term Evolution technology. T-Mobile has HSPA+, which delivers 4G-like speeds, but it's not a real 4G technology and the company hasn't announced any plans for network expansion beyond HSPA+.
The announcement comes on the heels of rumors that Sprint was getting ready to make an offer for T-Mobile.
There has been a lot of speculation recently over what the German parent company Deutsche Telekom would do with T-Mobile USA. Deutsche Telekom CEO Rene Obermann said at the company's annual meeting last May that he was not "fully satisfied" with T-Mobile USA's performance, and there were reports that Deutsche Telekom was looking into an initial public offering that could lead to spinning off T-Mobile USA.
http://news.cnet.com/8301-1035_3-20045184-94.html
Cingular first, and now T-Mobile?
AT&T to acquire T-Mobile USA for $39 billion. - Corn - 2011-03-20
Hurray for getting 4G now?
AT&T to acquire T-Mobile USA for $39 billion. - Takebacker - 2011-03-20
I'm surprised they have 25b cash on hand what with all of their customers happily dropping contracts just to get their iphones on verizon networks.
AT&T to acquire T-Mobile USA for $39 billion. - Jon - 2011-03-20
Holy shi't... Yay 4G?
AT&T to acquire T-Mobile USA for $39 billion. - Hazzy - 2011-03-20
Not a fan of monopolies, and this is starting to look like one. But that's based off of a single article. :/
AT&T to acquire T-Mobile USA for $39 billion. - kanevaldier - 2011-03-20
Takebacker Wrote:I'm surprised they have 25b cash on hand what with all of their customers happily dropping contracts just to get their iphones on verizon networks.
I have not seen any evidence of that so far. Yes there are some who wanted verizon but that was because of various reasons. For my part I habeen with most cell companies and AT&T is by far the best. I have gotten excellent customer support and almost never have dropped calls or any service interuption. All of those things I had with verizon and most of the other companies.
AT&T to acquire T-Mobile USA for $39 billion. - Takebacker - 2011-03-20
kanevaldier Wrote:I have not seen any evidence of that so far. Yes there are some who wanted verizon but that was because of various reasons. For my part I habeen with most cell companies and AT&T is by far the best. I have gotten excellent customer support and almost never have dropped calls or any service interuption. All of those things I had with verizon and most of the other companies.
I've had AT&T from the start of the iPhone and never had any real issue.
AT&T to acquire T-Mobile USA for $39 billion. - Piggy 2.0 - 2011-03-20
Jesus, who else are they gonna get?
AT&T to acquire T-Mobile USA for $39 billion. - Erebus - 2011-03-20
So is this actual 4G or the 4G every other phone company claims to have?
AT&T to acquire T-Mobile USA for $39 billion. - WillDaSnail - 2011-03-20
Erebus Wrote:So is this actual 4G or the 4G every other phone company claims to have?
Right now, there's no such thing as a "real" 4G network. What you're hearing is just advertising BS thrown by telecommunications companies towards each other.
Technically, no new cellphone technology has been developed that makes itself very distinct from the current 3G network.
AT&T to acquire T-Mobile USA for $39 billion. - SethElite - 2011-03-20
Looks like I wont be able to have a cell phone anymore if this continues...
At this rate it's going to be either Verizon or AT&T, both of which are complete piles of pomegranate.
AT&T to acquire T-Mobile USA for $39 billion. - Kalovale - 2011-03-20
Uh oh. And I actually liked T-Mobile too, save for their shittiest version of 4G.
Not that I use mobile internet anyway, but damn.
AT&T to acquire T-Mobile USA for $39 billion. - Tay - 2011-03-20
Well, I don't know what to think.
AT&T to acquire T-Mobile USA for $39 billion. - Moonlapse - 2011-03-20
The AT&T monopoly monster returneth...