NEW YORK — AT&T (T) stunned the telecom world on Sunday by announcing that it has agreed to pay $39 billion in cash and stock for T-Mobile USA — potentially making AT&T the No. 1 wireless provider with 39% of the market.
AT&T plans to buy T-Mobile in a deal that would create an industry giant by combining the top wireless carriers.
AT&T says the combination would give it the airwave spectrum it needs to handle the soaring demand for mobile broadband services as consumers snap up smartphones and tablet computers such as Apple’s iPad.
via AT&T to buy T-Mobile USA for $39 billion – USATODAY.com.