AT&T Inc. (T) plans to shake up the U.S. wireless landscape with a
$39 billion cash and stock deal to buy Deutsche Telekom AG's (DT)
T-Mobile USA, the companies said Sunday.
AT&T will pay $25 billion in cash and the rest in stock, with
Deutsche Telekom getting an 8% stake in the U.S. company and a board
WHAT IT MEANS
The deal, if approved by regulators, will see AT&T topple Verizon
Wireless -- the joint venture of Vodafone Group PLC (VOD) and Verizon
Communications (VZ) -- as the largest mobile carrier in the U.S., with
nearly 130 million customers.