The New York Times
Sun, March 20, 2011 -- 2:40 PM ET
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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/?emc=na
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