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In The Race For More Spectrum, AT&T Is Acquiring T-Mobile For $39 Billion

March 20th, 2011 03:34 admin Leave a comment Go to comments

As anyone who has read a tech blog in the past few years will know, AT&T has been under attack for not being able to match the network capacity of larger rival Verizon. And when they won the majority of the bids for the open spectrum in 2008, Verizon also had a clear path to the future. Now AT&T is taking another path: buying T-Mobile.

Here’s the release with the details of the deal. AT&T will pay roughly $39 billion to Deutsche Telekom for T-Mobile USA. The agreement has already been approved by both Boards, but obviously will have to pass government scrutiny.

More to come.

Source: In The Race For More Spectrum, AT&T Is Acquiring T-Mobile For $39 Billion

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