Mergers and Acquistions News
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March 22nd 2011, 14:18PM
A $39 billion deal between American telecoms giant AT&T and Deutsche Telekom has been confirmed this week.
The deal, which is the biggest in the mergers and acquisitions market so far this year, has seen AT&T take over the T-Mobile USA arm of the company, according to Reuters.
Reuters reports that the takeover will allow the company to boost its capacity for mobile devices. It will also allow Deutsche Telekom to pay back debts with the money from the sale, which was worth the equivalent of £23.8 billion.
AT&T will now be used by around 130 million customers across America.
Smartmoney said that despite fears the merger would push up the prices of mobile calls in the US, it could throw pay-as-you-go networks into the spotlight, as they would provide cheaper options than the market leader.
It would give smaller carriers operating the pay-as-you-go networks the chance to rise once again, as they have been dominated over the years.
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