AT&T to buy T-Mobile USA for USD 39 bln

Monday 21 March 2011 | 08:21 CET | News
Deutsche Telekom has agreed to sell T-Mobile USA to AT&T for USD 39 billion in cash and shares. AT&T will pay USD 25 billion in cash and USD 14 billion in shares, or 7.1 times adjusted EBITDA for 2010, making the German operator the largest shareholder in AT&T with an 8 percent stake and a seat on the board. The deal provides a significant boost to AT&T's spectrum holdings and network coverage, as well as adding 38 million new subscribers, pushing it ahead of Verizon to first place on the US mobile market. AT&T said it expects to realise USD 3 billion in synergies form the acquisition within

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Categories: Mobile & Wireless
Companies: Deutsche Telekom / T-Mobile USA
Countries: United States
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