AT&T To Acquire T-Mobile
AT&T To Acquire T-Mobile
AT&T announced over the weekend it has agreed to a deal to acquire T-Mobile USA from German Deutsche Telekom for a reported $39 billion. The blockbuster deal would move AT&T past Verizon as the largest provider of mobile service in the US. Comprised ob both cash and stock futures, the deal will need to receive regulatory approval before proceeding, and would give the company 34 million new customers while increasing its annual revenues from $58.5 billion in 2010 to an estimated $80 billion.
A spokesman for AT&T said the deal would add to the company's earnings within the first three years and help it to more effectively compete with mobile market leader Verizon. The company's chairman and CEO, Randal Stephenson, said of the deal: “this transaction represents a major commitment to strengthen and expand critical infrastructure for our nation's future.”
Stephenson added: “It will improve network quality, and it will bring advanced... capabilities to more than 294 million people. Mobile broadband networks drive economic opportunity everywhere, and they enable the expanding high-tech ecosystem that includes device makers, cloud and content providers, app developers, customers, and more.”
According to a recent report from comScore, AT&T controlled 26.6 percent of the US mobile phone service market in December 2010, and T-Mobile boasted a 12.2 percent share. Verizon, meanwhile, led the pack with a 31.3 percent share. The acquisition of AT&T will also help AT&T to deal with the blow of Apple ending its exclusive deal to sell iPhones, as well as giving the company an established 4G network to offer subscribers more advanced wireless services.
AT&T announced over the weekend it has agreed to a deal to acquire T-Mobile USA from German Deutsche Telekom for a reported $39 billion. The blockbuster deal would move AT&T past Verizon as the largest provider of mobile service in the US. Comprised ob both cash and stock futures, the deal will need to receive regulatory approval before proceeding, and would give the company 34 million new customers while increasing its annual revenues from $58.5 billion in 2010 to an estimated $80 billion.
A spokesman for AT&T said the deal would add to the company's earnings within the first three years and help it to more effectively compete with mobile market leader Verizon. The company's chairman and CEO, Randal Stephenson, said of the deal: “this transaction represents a major commitment to strengthen and expand critical infrastructure for our nation's future.”
Stephenson added: “It will improve network quality, and it will bring advanced... capabilities to more than 294 million people. Mobile broadband networks drive economic opportunity everywhere, and they enable the expanding high-tech ecosystem that includes device makers, cloud and content providers, app developers, customers, and more.”
According to a recent report from comScore, AT&T controlled 26.6 percent of the US mobile phone service market in December 2010, and T-Mobile boasted a 12.2 percent share. Verizon, meanwhile, led the pack with a 31.3 percent share. The acquisition of AT&T will also help AT&T to deal with the blow of Apple ending its exclusive deal to sell iPhones, as well as giving the company an established 4G network to offer subscribers more advanced wireless services.
Comments
Top Stories
Latest DT's
-
1 month ago by Geno -
1 month ago by dallaseste
-
1 month ago by Geno
-
1 month ago by Geno
-
1 month ago by Geno
-
1 month ago by Geno
-
1 month ago by Geno
-
1 month ago by Geno
-
2 months ago by dallaseste
Top Authors
Subscribe
Games
Alias
3 Foot Ninja 2
ALIAS 2
Air Dodge
Battle Tanks
Bomber Bob
Cable Capers
Gem Mania
Hacker
Hostile Skies
Mission Mars
Bowling
Samurai Warrior
The Pharoh's Tomb
Monkey Lander
Muay Thai
Action
Donkey Kong Banana Barrage
501 Dart Challenge
Rooftop Skater
Zelda
Donkey Kong
Xtreme Pinball
Tetris
Connect 4
Battleships
Frogger
Penguin Push
Online Video Poker
Spank The Monkey
Mob Pay Back
Dealer
Yeti Sports Seal Bounce
Hold Your Drink Steady
Solitaire
Canyon Glider
3D Sudoku
Metal Slug Rampage
Street Fighter II
Flashman
Disc Golf
Table Tennis
Ninja Air Combat
Celebrity Hitman Terrorist Alert
Spider Solitaire
Tubin
Presidential Knockout
Global Player
Ma Balls
Baseball
Beckham Fit
0 Comments
Click here to sign up now.