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View Full Version : Monopoly Madness: AT&T to Acquire T-Mobile USA


Pureracket
Mar 20th, 2011, 06:54 PM
http://www.businesswire.com/news/home/20110320005040/en... (http://www.businesswire.com/news/home/20110320005040/en/ATT-Acquire-T-Mobile-USA-Deutsche-Telekom)

-AT&T Inc.and Deutsche Telekom AG 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.

AT&T’s acquisition of T-Mobile USA provides an optimal combination of network assets to add capacity sooner than any alternative, and it provides an opportunity to improve network quality in the near term for both companies’ customers. In addition, it provides a fast, efficient and certain solution to the impending exhaustion of wireless spectrum in some markets, which limits both companies’ ability to meet the ongoing explosive demand for mobile broadband.

With this transaction, AT&T commits to a significant expansion of robust 4G LTE (Long Term Evolution) deployment to 95 percent of the U.S. population to reach an additional 46.5 million Americans beyond current plans – including rural communities and small towns. This helps achieve the Federal Communications Commission (FCC) and President Obama’s goals to connect “every part of America to the digital age.” T-Mobile USA does not have a clear path to delivering LTE.

AT&T to Buy T-Mobile USA for $39 Billion
http://dealbook.nytimes.com/2011/03/20/att-to-buy-t-mob... (http://dealbook.nytimes.com/2011/03/20/att-to-buy-t-mobile-usa-for-39-billion/)

Wigglytuff
Mar 20th, 2011, 08:55 PM
That's madness. Isn't there too little competition in the cell market already.

Wannabeknowitall
Mar 21st, 2011, 05:53 AM
Well there have been rumors that T-Mobile would likely not be around in 2012 by credible sources months ago.
T-Mobile was behind the times compared to the other three.

In The Zone
Mar 21st, 2011, 06:00 AM
I don't consider it a monopoly. Like electricity and gas & oil, there can't be a number of providers. It's only efficient for there to be a few strong providers. T-Mobile was clearly the weakest. Simple economics. The writing was on the wall.

Betten
Mar 21st, 2011, 08:26 AM
This is pretty bad.