AT&T Agrees to Buy T-Mobile for $39 Billion

DALLAS and BONN, Germany — Telecommunications giant AT&T has agreed to buy T-Mobile USA from Deutsche Telekom for $39 billion.

With the addition of T-Mobile’s 33 million subscribers, the deal would make AT&T the biggest wireless provider in the U.S. with a total of more than 129 million customers.

Verizon Wireless would then become the second biggest player with 102 million subscribers.

The deal gives T-Mobile users access to a planned 4G wireless network using Long Term Evolution (LTE) technology replacing its HSPA+ that delivers 4G-like speeds.

 "This transaction represents a major commitment to strengthen and expand critical infrastructure for our nation's future. It will improve network quality, and it will bring advanced LTE capabilities to more than 294 million people," said AT&T chairman and CEO Randall Stephenson in a statement announcing the deal.

The terms of the agreement — approved by both boards of directors — call for AT&T to pay $25 billion in cash and the remainder in stock, which gives Deutsche Telekom an eight percent stake in AT&T and a seat on its board of directors.

The deal still needs regulatory approval that reportedly could take up to a year.

But there’s some concern that the merger would shrink customers’ choice for wireless GSM carriers — the main wireless technology in the U.S. and the European standard.

The Federal Communications Commisssion (FCC) has been uneasy about AT&T and Verizon owning 60 percent of the wireless market in terms of subscribers and revenue and the new deal could spark antitrust rumblings.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Adult Industry Educational, Networking Platform 'Imperfectly You' Launches

Imperfectly You, an educational and networking platform for adult industry workers, has officially launched.

Segpay to Launch News Network for High-Risk Merchants

Segpay has announced that it will launch the Segpay News Network (SNN) on April 15.

Age Verification Watch: Patching the Holes

This roundup provides an update on the latest news and developments on the age verification front as it impacts the adult industry.

Pineapple Support to Host Autism Spectrum Support Group

Pineapple Support is hosting a free online support group for performers and creators who are, or suspect they may be, on the autism spectrum.

ImLive Launches Revamped Member Loyalty Program

Cam platform ImLive has revamped its member loyalty program.

GoFundMe Set Up for Danny Ferretti's Medical Expenses

A GoFundMe campaign has been set up for Fangear founder Danny Ferretti, who requires extensive lung surgery.

Byborg Acquires Cuties AI

Byborg Enterprises has acquired adult artificial intelligence startup Cuties AI.

Irish Government Releases Report on Sex Work Decriminalization Legislation

The Irish government has released a report reviewing a 2017 law that decriminalized sex work across the country.

Texas Bill Would Require Age Verification for Online Sex Toy Sales

A new bill in the Texas state legislature would require online retailers to implement age verification of purchasers before selling “obscene devices” to anyone in that state.

New York Assemblyman Proposes Banning the Term 'Sex Work'

Republican New York Assembly Member Brian Maher has introduced a bill to prohibit the use of the term "sex work" in government documents.

Show More