The biggest mobile network in the US, AT&T, has confirmed it's buying rival T-Mobile USA for $39-billion in cash and shares.
The deal has been agreed between AT&T and T-Mobile's owner Deutsche Telecom. A statement from AT&T says:
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 has 95.5-million mobile subscribers. T-Mobile is the fourth-largest network in the US with 33.7-million customers.
Here's the full AT&T statement on BusinessWire.
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