AT&T Acquires T-Mobile for $39 Billion

Let me repeat that again .. $ 39 Billion ! Yep - AT&T has announced its intent to acquire T-Mobile from Deutsche Telekom for a price tag of $39 Billion US dollars. The deal is expected to take 12 months to close but will help AT&T leapfrog Verizon as the largest cellular provider in the US.

AT&T also through this acquisition will look to build out the most expansive LTE network in the US. The press release sites one of the goals of the acquisition as being