AT&T will pay $39 billion in cash and stock to acquire wireless rival T-Mobile USA, the companies jointly announced Sunday.
The deal will combine AT&T, the second biggest wireless brand in the U.S., with the nation's fourth-leading brand.
AT&T will pay Deutsche Telekom AG $25 billion in cash for T-Mobile; Deutsche Telekom will also receive 8 percent in AT&T company stock.
Source: http://www.thewrap.com/media/article/att-buy-wireless-rival-t-mobile-usa-39b-25654
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