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AT&T announced on Sunday that it has agreed to buy T-Mobile USA from
Deutsche Telekom for $39 billion in cash and stock, in one of the biggest
mergers since the onset of the financial crisis.
The deal will dramatically bolster AT&T’s footprint in the country, adding
an additional 46.5 million customers.
Under the terms of the deal, AT&T will pay $25 billion in cash and the rest
in stock. Deutsche Telekom will in turn gain an 8 percent stake in AT&T and
a seat on the American telecom giant’s board.
“This transaction represents a major commitment to strengthen and expand
critical infrastructure for our nation’s future,” said Randall Stephenson,
AT&T ’s chairman and chief executive, said in a statement.
AT&T’s bid will finally solve the problem facing T-Mobile USA, the smallest
of the country’s four major cellphone service providers. Both companies
operate on the same wireless standard, GSM. Through the deal, T-Mobile will
finally gain a path for the next generation of cellphone data, known as 4G,
by using AT&T’s forthcoming LTE standard.
AT&T was advised by Greenhill & Company, JPMorgan Chase and Evercore
Partners, as well as the law firms Sullivan & Cromwell, Arnold & Porter, and
Crowell & Moring.
Deutsche Telekom was advised by Morgan Stanley.
链接
http://dealbook.nytimes.com/2011/03/20/att-to-buy-t-mobile-usa-
Deutsche Telekom for $39 billion in cash and stock, in one of the biggest
mergers since the onset of the financial crisis.
The deal will dramatically bolster AT&T’s footprint in the country, adding
an additional 46.5 million customers.
Under the terms of the deal, AT&T will pay $25 billion in cash and the rest
in stock. Deutsche Telekom will in turn gain an 8 percent stake in AT&T and
a seat on the American telecom giant’s board.
“This transaction represents a major commitment to strengthen and expand
critical infrastructure for our nation’s future,” said Randall Stephenson,
AT&T ’s chairman and chief executive, said in a statement.
AT&T’s bid will finally solve the problem facing T-Mobile USA, the smallest
of the country’s four major cellphone service providers. Both companies
operate on the same wireless standard, GSM. Through the deal, T-Mobile will
finally gain a path for the next generation of cellphone data, known as 4G,
by using AT&T’s forthcoming LTE standard.
AT&T was advised by Greenhill & Company, JPMorgan Chase and Evercore
Partners, as well as the law firms Sullivan & Cromwell, Arnold & Porter, and
Crowell & Moring.
Deutsche Telekom was advised by Morgan Stanley.
链接
http://dealbook.nytimes.com/2011/03/20/att-to-buy-t-mobile-usa-