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 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

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....)

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