Back on Top; AT&T to be largest wireless carrier in the U.S.

Pleasant Valley, NY — AT&T announced today they will be purchasing T-Mobile from Duetsche Telekom AG in an all cash deal worth $39 billion.

This acquisition would make AT&T the largest wireless carrier in the United States with a customer base that surpasses Verizon Wireless, the current largest carrier.

This marks a new era for AT&T in the post iPhone era. Earlier this year they lost their exclusive carrier contract for the iPhone(US only) when Apple announced the CDMA Verizon iPhone. This is a strategic move by AT&T as they look toward new avenues for growth.

With all this said the FCC will still have to approve the deal. If approved it would then only leave three major carriers in the U.S. One concern that may arise would be the lack of competition and possible monopoly in the industry.

- jon boi