AT&T to Buy Deutsche Telekom T-Mobile Unit for $39 Billion
AT&T Inc. (T) agreed to buy T-Mobile USA from Deutsche Telekom AG (DTE) in a cash-and-stock transaction currently valued at about $39 billion, a combination that would create America’s largest mobile-phone company.
The purchase price will include $25 billion in cash and the balance in AT&T stock, subject to adjustment, according to a statement today. The deal may give Deutsche Telekom an 8 percent stake in the Dallas-based carrier, which will add a Deutsche Telekom executive to its board of directors.
If completed, the deal would allow AT&T, now the second- largest U.S. wireless operator, to add 34 million customers and surpass Verizon Wireless as the largest in the country. The acquisition, the largest in the wireless industry since 2004, may face regulatory scrutiny because it combines the second- and fourth-largest wireless providers.
“This is a very surprising deal,” Jonathan Atkin, an analyst atRBC Capital Markets, said in an interview. “AT&T is certainly buying scale. AT&T can integrate T-Mobile from an operations standpoint fairly easily because they use the same technology.”
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