AT&T to buy T-Mobile, creating wireless giant
Los Angeles Times, March 21, 2011
March 20, 2011 at 08:00 PM
3 minute read
The original version of this story was published on Law.com
AT&T's surprise $39-billion acquisition of T-Mobile USA Inc. could lead to more consolidation in the U.S wireless industry, leaving the market with just two dominant providers — and the prospect of higher rates and fewer choices for consumers.
If approved by regulators, the newly expanded AT&T Inc. would have 130 million subscribers, allowing it to leapfrog arch-rival Verizon Wireless and its 94 million customers to become by far the nation's largest wireless carrier. Sprint Nextel Corp. would be a distant third.
The potential market shift could force Verizon to consider making a large acquisition itself, analysts said, possibly including Sprint. But Sprint itself may snap up one or more of the many smaller providers, such as U.S. Cellular and MetroPCS.
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