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(MarketWatch) AT&T Inc.s surprise $39 billion deal to acquire T-Mobile USA stunned the telecom sector Monday, giving a lift to several telecom companies, but sending Sprint Nextel Corp. shares into the red as the No. 3 U.S wireless carrier was seen as the big loser from the deal.
AT&T shares edged up 2% to $28.52 after the No. 2 wireless carrier in the U.S. said it would acquire T-Mobile, the nations No. 4 mobile-phone company, for $25 billion in cash and the remaining $14 billion in AT&T stock. Deutsche Telekom AG the parent company of T-Mobile, saw its U.S.-traded shares climb as much as 14% following the deals announcement.