As if more consolidation in that industry will be helpful to consumers. Isn't competition supposed to be the American way? There's no reason why regulators should allow this, but of course, they will allow it.
AT&T Inc struck a $39 billion cash-and-stock transaction to buy Deutsche Telekom AG's T-Mobile USA, creating a new industry leader, that would overtake Verizon Wireless in customer numbers.NOTE FROM JOHN: Does this mean my iPhone will now get good coverage in the Chicago suburbs? A girl can dream.
The deal, announced Sunday, will give AT&T, the No. 2 U.S. mobile service much needed spectrum, or wireless airwaves, to deliver surges in video, games and entertainment to devices such as Apple Inc'siPhone and iPad tablet computers.
AT&T Inc struck a $39 billion cash-and-stock transaction to buy Deutsche Telekom AG's T-Mobile USA, creating a new industry leader, that would overtake Verizon Wireless in customer numbers.
