As you've heard, T-Mobile has agreed to sell out to AT&T for $39 billion in cash and stocks in a deal expected to close in March 2012. That gives Sprint, the most outspoken opponent to the deal, about 11 months to convince U.S. regulators to step in and block the transaction, and Sprint CEO Dan Hesse isn't wasting any time. Speaking at an event in San Francisco, Hesse said the acquisition would pose a "serious threat" to industry innovations.
If you thought the competitive landscape in the US wireless industry couldn’t get any worse, you’d be wrong. Today AT&T announced a landmark deal with Deusche Telekom AG to buy up T-Mobile USA for a whopping $39 billion dollars. The deal which works out to a mixture of cash and stock is being sold to the public as an attempt to improve the network quality for both carriers, while offering a “fast, efficient and certain solution to the impending exhaustion of wireless spectrum in certain markets”.