AT&T set to acquire T-Mobile for $39 bn

MUMBAI:AT&T has agreed to buy T-Mobile USA from Deutsche Telekom for $39 billion in cash and stocks.
According to a press release of Deutsche Telekom, the German company will be getting $25 billion in cash and $14 billion in stock that would give it a 8 per cent stake in AT&T.

The combined customer base of this merger will be 130 million humans and both the companies estimate that it‘ll take them 12 months to get through all the bureaucracy - if they get through.
The proposed network merger will create a de facto GSM monopoly within the United States “but we don‘t have to wait that long to start discussing life with only three major US carriers. AT&T envisions it as a rosy garden of ‘straightforward synergies’ thanks to a set of‘complementary network technologies, spectrum positions and operations,’ the release reads further.
In the event of the deal falling through on regulatory issues, AT&T will have to pay $3 billion to T-Mobile, a breakup fee agreed by both parties.

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