AT&T agrees to buy T-Mobile USA from Deutsche Telekom for $39 billion
A 3 billion dollar "break up fee," - how's that for pre PRE nups
Amplify’d from www.engadget.com
Wowzers! AT&T and Deutsche Telekom have entered into a definitive agreement for the sale of T-Mobile USA for $39 billion in cash and stocks. The combined customer base of this upcoming behemoth will be 130 million humans, though the agreed deal will have to pass the usual regulatory and closing hurdles before becoming complete. The two companies estimate it'll take them 12 months to get through all the bureaucracy -- if they get through, the proposed network merger will create a de facto GSM monopoly within the United States -- but we don't have to wait that long to start discussing life with only three major US carriers.
In the event of the deal failing to receive regulatory approval, AT&T will be on the hook for $3 billion to T-Mobile -- a breakup fee,Read more at www.engadget.com
See this Amp at http://bit.ly/dHQEQ0