AT&T Inc. (NYSE:T) has announced plans to acquire T-Mobile USA for $39 billion in cash and stock from Deutsche Telekom. AT&T’s acquisition of T-Mobile would make them the largest carrier by a substantial amount.
Around the end of 2010, AT&T had about 95.5 million subscribers and T-Mobile had 33.7 million, which would give them a combined 129.2. Verizon had 94.1 million at the end of 2010.
This deal will most likely face intense scrutiny by the FCC the companies expect the deal to close within the next year.
It wasn’t too long ago there was a rumor floating around that Sprint would acquire with T-Mobile. Integrating T-Mobile with AT&T’s network will be less challenging considering that they both use GSM. AT&T’s last major deal was in 2006 when they acquired BellSouth and renamed it AT&T Mobility. Deutsche Telekom will receive approximately 8% ownership in AT&T.