AT&T will buy T-Mobile - For $39 billion

AT&T just announced that it will buy T-Mobile USA from German company Deutsche Telekom for $39 billion.  By doing so, AT&T will become the largest US wireless network.

Moreover, there will just be two other US networks left: Verizon, which would be slightly smaller than AT&T, and Sprint, a distant third.

T-Mobile immediately published a Q&A that assured customers that in the short-term, there will be no changes or inconveniences; billing will not switch to AT&T, T-Mobile will honor existing contracts, and T-Mobile devices will continue to work without hassle.

Moreover, the purchase will not be finalized until about 12 months later and whatever changes there will be won’t happen until then. READ MORE