AT&T will soon be leapfrogging over Verizon to become the biggest wireless carrier in the United States after announcing today (Sunday) that it will be acquiring T-Mobile USA for $39 billion. T-Mobile is currently owned by Deutsche Telekom.
Once the deal goes through, AT&T will inherit T-Mobile's 33 million subscribers adding to its own wireless customer base of 95 million users. Verizon currently has 102 million wireless customers.
It will be awhile before T-mobile customers see any changes in their service, as it will take about that long for the merger to go through.
It comes as no surprise that Deutsche Telekom was looking to either sell or spin-off T-Mobile ever since last May when CEO Rene Obermann let it drop at the company's annual meeting that he was not happy with T-Mobile's performance.
Rumors have been circulating recently that Sprint was putting together a offer. No dice! AT&T beat them to the punch.