AT&T is going to buy T-Mobile for 39 BILLION Dollars. Oh My! Well both of the board of directors of each company agreed to the deal. If it goes as planned AT&T will officially be the largest carrier in the United States. They will be providing 4G LTE service to 95% of Americans. The transaction is expected to close within a year, pending all of the usual paperwork, and of course regulatory approval. The 39 Billion will be paid in cash and stocks.
AT&T and T-Mobile customers should see service improvements with improved voice quality due to increased cell tower density and broader network infrastructure. At closing, AT&T will immediately gain cell cites that would have taken 5 years to build otherwise.