AT&T buys T-mobile

AT&T just announced a deal to buy T-Mobile USA from Deutsche Telekom in a cash and stock deal worth $39 billion.

The deal would make AT&T the nation's largest wireless carrier by a wide margin, so it will probably face significant government scrutiny, and AT&T could have to make some big concessions.

Or the deal could be blocked completely -- last year was the first year that the FCC did not conclude the U.S. wireless industry was "competitive." The companies expect the deal to close in "approximately 12 months" -- a long time.

Read more: http://www.businessinsider.com/att-buyi ... 2011-3#ixzz1HCxbjd2m

Holy cow! first comcast buys NBC, now att buys t-mobile. now i wonder if at&t would actually have service for once.

It's been one long winding path from monopoly right back to monopoly. They only ever split up in name, really.

yea... i dont like this.. -.- someone needs to become the arnold terminator (T-1 i think he was???) and dunk t-1000 (at&t) into the big melting pot or somethings gonna happen to the other carriers and cell phone prices could skyrocket =/

I read an article about this on Reuters. It said that T-mobile carriers could end up paying more for the same plan now.

Still hasn't been approved by the FCC, and there's a decent chance that they won't allow the acquisition to go through. It'd be a shame to see the competition go away, but in my area they suck anyway.