Sunday, March 20, 2011

AT&T to buy T-Mobile USA for $39 billion, combining No. 2 and 4 US cellphone companies

NEW YORK — AT&T Inc., the country’s second-largest wireless carrier in the United States, on Sunday said it will buy T-Mobile USA, the fourth-largest, from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion. ...
T-Mobile is coming off of two years of flat revenue as it struggles to compete with much larger rivals AT&T and Verizon Wireless. Bellevue, Wash.-based T-Mobile USA’s subscriber count has stalled at just under 34 million, though it posts consistent profits.

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