News Alert: AT&T to Buy T-Mobile USA in $39 Billion Deal

Wow. > > Breaking News Alert
> The New York Times
> Sun, March 20, 2011 -- 2:40 PM ET
> -----
> > AT&T to Buy T-Mobile USA in $39 Billion Deal
> > AT&T announced on Sunday that it has agreed to buy T-Mobile
> USA from Deutsche Telekom for $39 billion in cash and stock,
> in one of the biggest mergers since the onset of the
> financial crisis.
> > The deal will dramatically bolster AT&T's footprint in the
> country, adding an additional 46.5 million customers.
> > Under the terms of the deal, AT&T will pay $25 billion in
> cash and the rest in stock. Deutsche Telekom will in turn
> gain an 8 percent stake in AT&T and a seat on the American
> telecom giant's board.
> > Read More:
> http://dealbook.nytimes.com/2011/03/20/att-to-buy-t-mobile-usa-for-39-billion...
>