The U.S. operator AT & T participates in the consolidation of the American mobile market by buying out T-Mobile USA (Deutsche Telekom). The transaction Amount is observed as $ 39 billion.
It’s a brilliant stroke on the part of AT & T in the landscape of mobile telephony in the United States.
On Sunday night, the U.S. operator has announced the acquisition of T-Mobile USA, owned up by its German counterpart, Deutsche Telekom.
AT & T is willing to pay $ 25 billion in cash form and the remaining as the stock in the netted $ 39 billion deal.
According to the statement, the boards of both companies have agreed to this merger which is expected to be completed by March 2013. But the merger must be approved by the concerned regulatory authorities.
The external expansion of AT & T would be placed under the sign of the business of mobile telephony in particular with the promising 4G being deployed in the United States.
Rival Verizon also displays inclinations in that direction.
The U.S. operator, which boasts a base of 95.5 million mobile customers, intends to cover 95% of the U.S. population with this new generation network enabling the mobile broadband Internet.
“This will improve the quality of our network and will expand LTE coverage to a pool of 294 million people,” said Randall Stephenson, chairman and CEO of AT&T.
Also according to the purchasing group, this consolidation will raise the sales of its mobile activities of $ 58.5 billion to 80 billion.
T-Mobile is considered as the fourth mobile operator in the U.S. with 33.7 million customers. It displayed a turnover of 21.3 billion dollars in 2010.
According to Reuters, the withdrawal of Deutsche Telekom’s T-Mobile USA will reduce group debt of 13 billion Euros.
A first calculation of return on investment shows that the German operator does not generate added value through this agreement with AT & T.
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