AT&T has purchased T-Mobile USA and plans to retire the T-Mobile name.
The deal would make AT&T the number one U.S. carrier with almost 130 million subscribers, if it is approved by regulators.
The Wall Street Journal noted that AT&T might have other motivations as well. “T-Mobile has long been an antagonist to AT&T and chief rival Verizon Wireless, offering low prices that kept pressure on rates.” The deal may also force Sprint Nextel to find a buyer, said the publication.
T-Mobile was purchased from owner Deutsche Telekom.
Source: The Wall Street Journal