And then there were three

by Volker Weber

DALLAS, TEXAS AND BONN, GERMANY — March 20, 2011— AT&T Inc. (NYSE: T) and Deutsche Telekom AG (FWB: DTE) today announced that they have entered into a definitive agreement under which AT&T will acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approximately $39 billion. The agreement has been approved by the Boards of Directors of both companies.

This leaves the US with a single GSM provider.

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Comments

Hmm, I was trying to avoid T-Mobile as I had such bad feelings from the old Telekom days back in Germany. I currently use AT&T - maybe I have to switch now.

I thought T-Mobile and Sprint were trying to get together....interesting...

Michael Kobrowski, 2011-03-21

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