Mar 21
AT&T Buying T-Mobile
Posted in: att, TMobile, Today's Chili
AT&T-Mobile? They’ll have plenty of time to figure out what to name the new company as this deal moves through court (though, to be totally honest, I’d imagine the T-Mobile name would really stick around). Odds are that the government will be keeping a pretty tight eye on AT&T’s bid to buy T-Mobile–the combination of two of the big four wireless carriers is the sort of thing that immediate raises antitrust concerns everywhere.
Just ahead of CTIA, AT&T unveiled its plans to buy T-Mobile for a combo of stock and cash valued at around $39 billion. Both companies have reportedly green lit the acquisition. AT&T, it seems, is certainly aware of the aforementioned concerns, using the opportunity to let it be known why it thinks the government should be totally psyched about such a merger between two telecom giants. Said AT&T CTO Randall Stephenson,
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. Mobile broadband networks drive economic opportunity everywhere, and they enable the expanding high-tech ecosystem that includes device makers, cloud and content providers, app developers, customers, and more. During the past few years, America’s high-tech industry has delivered innovation at unprecedented speed, and this combination will accelerate its continued growth.
For the sake of further preemption, the company added in the press release, “The U.S. wireless industry is one of the most fiercely competitive markets in the world and will remain so after this deal. The U.S. is one of the few countries in the world where a large majority of consumers can choose from five or more wireless providers in their local market.”
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