AT&T to Acquire T-Mobile USA
In a move that’s epic to say the least , it appears to be official that AT&T has committed to purchase T-Mobile USA from their current owners Deusche Telekom AG. This will be a cash-and-stock transaction that has been valued at right around $39 billion – or 8% of company ownership. This agreement has been approved by the FCC and will be a definite step up the the competition, namely Verizon Wireless who currently heads the US mobile communication market. Will this transition make this team a powerhouse that’ll dominate the market instead? AT&T chairman and CEO Randall Stephenson hopes so, him noting in the press release below that this move will bring LTE to more than 294 million people in the USA. What this move represents is a boost for AT&T to a whopping 95% of the US population for coverage in their 4G network – this whole situation including a new $8 billion dollar investment by AT&T into infrastructure improvements which will bring higher quality voice and LTE to