dslreports logo
site
 
    All Forums Hot Topics Gallery
spc

spacer




how-to block ads


Search Topic:
uniqs
121
share rss forum feed

VerizonCynic

join:2006-10-25
Lakewood, CA
Reviews:
·Verizon FiOS

start writing now

»www.marketwatch.com/story/why-at···11-03-21

(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 nation’s 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 deal’s announcement.