It has been claimed that communications giant AT&T is hoping that its cash and stock bid to acquire T-Mobile USA will be approved by regulators so that it can expedite its 4G LTE plans.
It has recently been announced that the communications and broadband giant AT&T has put in a bid to acquire T-Mobile USA is a thirty nine billion dollar cash and stock deal. The bid has been confirmed by AT&T officials but the company is still awaiting approval from regulators before it can be moved forward any further.
If the deal does take place it will make AT&T the largest carrier in the United States. The deal that AT&T has agreed with Deutsche Telekom is that the total value of the acquisition will be thirty nine billion dollars and twenty four billion of this will be cash. It is thought that the deal will be approved and closed over the next twelve months. As part of the deal Deutsche Telekom will have an eight percent stake in AT&T.
According to reports one of the benefits that AT&T hopes to gain from this acquisition is to expedite plans for its 4G LTE mobile broadband network, which will provide consumers with greater quality, faster speeds, and greater capacity.
AT&T Chairman and chief executive Randall Stephenson said: “This transaction represents a major commitment to strengthen and expand critical infrastructure for our nation’s future. It will improve network quality, and it will bring advanced LTE capabilities to more than 294 million people.”
Do you believe this deal will help to accelerate the 4G plans from AT&T? Comment and let us know.
Source – Eweek Europe