AT&T & T-Mobile USA
11:13 am
Mon March 21, 2011

AT&T to buy T-Mobile USA for $39 billion

The AT&T building in downtown St. Louis.
(via Flickr/pasa47)

AT&T Inc. is about to become the largest cellphone company in the U.S. The company says it will buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion.

Right now AT&T is the second largest wireless carrier, behind only Verizon Wireless. AT&T expects its acquisition to take a year to close.

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