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Print 71 comment(s) - last by Kurz.. on Mar 22 at 8:34 AM


  (Source: Comedy Central)

Say goodbye to the T-Mobile girl
AT&T to shake up the U.S. wireless market with T-Mobile purchase

Well, that one came of left field. It was just a few weeks ago that we were talking about the possibility of Sprint snatching up T-Mobile from Deutsche Telekom. However, the tables turned today when AT&T announced that it would be purchasing T-Mobile for $39 billion USD – the actual breakdown will include $25 billion in cash and the rest in stock.

"This transaction represents a major commitment to strengthen and expand critical infrastructure for our nation's future," said Randall Stephenson, AT&T Chairman and CEO. "It will improve network quality, and it will bring advanced LTE capabilities to more than 294 million people.

"This transaction delivers significant customer, shareowner and public benefits that are available at this level only from the combination of these two companies with complementary network technologies, spectrum positions and operations. We are confident in our ability to execute a seamless integration, and with additional spectrum and network capabilities, we can better meet our customers’ current demands, build for the future and help achieve the President’s goals for a high-speed, wirelessly connected America.”

The deal would of course have to be approved by U.S. regulating bodies, but if all goes well, AT&T and Deutsche Telekom hope to have the transition finalized within the next year. 

AT&T currently has 95.5 million customers putting in second place behind Verizon’s 102.2 million customers. Adding T-Mobile’s 33.7 million customers will make AT&T the largest wireless carrier in the U.S. by far. 

AT&T is also looking to boost its nascent LTE efforts with this transaction, and will bring the technology to 95 percent of the U.S. population. AT&T will also spend an additional $8 billion over the next five years to boost its infrastructure investment within the U.S. 

We can only hope that the T-Mobile acquisition, broadened LTE deployments, and increased spending on infrastructure will improve AT&Ts famously "fragile" wireless network. 

AT&T made headlines last week – and drew the wrath of many – when it announced that it would start cracking down on users that were using “illegal” jailbreak apps to tether data with their smartphones.



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RE: Its the 80s all over again
By spread on 3/20/2011 4:20:44 PM , Rating: -1
You're saying that like it's a bad thing. If you don't like unrestricted capitalism, then maybe you should move.

A real Patriotic American (TM) supports our capitalist system. Don't worry, I'm sure the guiding invisible hand of the market will fix this somehow. We still have Verizon. It's not like they're on an rampage buying up smaller companies in an attempt to monopolize and control the market and consumer choice.


RE: Its the 80s all over again
By MadMan007 on 3/20/2011 5:52:55 PM , Rating: 5
If you like unrestricted capaitalism maybe you'd better jump in your time machine and take a trip back to the 19the century.


RE: Its the 80s all over again
By Kurz on 3/20/2011 9:30:57 PM , Rating: 2
youtube.com/watch?v=eO8ZU7TeKPw

Monopolies are a fairytale in a free market.


RE: Its the 80s all over again
By PrezWeezy on 3/21/2011 8:12:11 PM , Rating: 2
Great video...for the most oversimplified view of the way economy works ever!


RE: Its the 80s all over again
By Kurz on 3/22/2011 8:34:01 AM , Rating: 2
Thats the point of the video... to reach out to layman.
Do you disagree with the argument?


RE: Its the 80s all over again
By Taft12 on 3/21/2011 12:54:06 PM , Rating: 2
No need for the time machine! Just hop a boat to Somalia (might want to bring some protection....)


RE: Its the 80s all over again
By mars2k on 3/20/2011 6:10:43 PM , Rating: 3
No kidding, unrestricted capitalism my foot. Unrestricted vampirism is more like it. I'm along term, 11years, t-mobile customer and the thing I like best is that I've not been doing business wit ATT. What happens to my contract when I no longer have that benefit?


RE: Its the 80s all over again
By superPC on 3/20/2011 9:39:15 PM , Rating: 2
the thing about capitalism is that although it's good for consumer, basically it's bad for the big corporation. hell for them it's far more profitable to do back room dealing and price fixed everything and cooperate with their "competitor" to give them the largest possible profit. don't believe me? here's proof: http://www.guardian.co.uk/business/2008/aug/07/bri... . that's one scandal that we know of, how many that we don't know of? get your head out of the sand, this is the 21st century not the 19th. and guiding invisible hand? where is that hand when we need them when Intel use unfair practice at the time AMD has technological advantage? where's that hand when airlines were (are?) price fixing everything all over the world? Where’s that hand when RAM and LCD were price fixed by Samsung and other?

face it: with the corporation all getting as big as they are today pure capitalism is IMPOSSIBLE. they're too big and not agile enough to really compete. And the only way they can keep increasing their profit is by backroom dealing and not actually compete.


RE: Its the 80s all over again
By AEvangel on 3/21/11, Rating: 0
RE: Its the 80s all over again
By tamalero on 3/21/11, Rating: 0
RE: Its the 80s all over again
By Kurz on 3/21/2011 3:15:11 PM , Rating: 2
Polution is only a issue with Tragedy of the Commons.
IE when ever there is no strict owner of the land, river, air, resource there will be pollution.

I can see regulations for Air and Water as beneficial.
Other than that there is no need for more regulations.


"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard














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