According to several press releases, AT&T has unexpectedly agreed to buy T-Mobile USA for a whopping $39 Billion dollars from Germany’s Deutsche Telekom. The companies announced the deal on Sunday afternoon before the stock market opens on Monday. Clearly a strategy done to help boost its stock price.
The deal would make AT&T a dominant player in the wireless telecom sector, pending regulatory approval of course. The transaction represents a major commitment from the company to beef up its infrastructure and network.