AT&T buys T-Mobile for $39 billion
March 21, 2011 // Mark LaPedus
AT&T Inc. and Deutsche Telekom AG announced that they have entered into a definitive agreement under which AT&T will acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approximately $39 billion.
With this transaction, AT&T expands its LTE 4G-based deployment to 95 percent of the U.S. population to reach an additional 46.5 million Americans beyond current plans – including rural communities and small towns.
As part of the transaction, Deutsche Telekom will receive an equity stake in AT&T that, based on the terms of the agreement, would give Deutsche Telekom an ownership interest in AT&T of approximately 8 percent. A Deutsche Telekom representative will join the AT&T board.
It makes T-Mobile USA, currently a German-owned U.S. telecom network, part of a U.S.-based company.
The $39 billion purchase price will include a cash payment of $25 billion with the balance to be paid using AT&T common stock, subject to adjustment. AT&T has the right to increase the cash portion of the purchase price by up to $4.2 billion with a corresponding reduction in the stock component, so long as Deutsche Telekom receives at least a 5 percent equity ownership interest in AT&T.
The number of AT&T shares issued will be based on the AT&T share price during the 30-day period prior to closing, subject to a 7.5 percent collar; there is a one-year lock-up period during which Deutsche Telekom cannot sell shares.
The engineering desk-to-bench ratio
November 21, 2014
Dennis Feucht discusses the right and wrong, senior and junior ways to organize the theoretical and practical work of an ...
Rohm's European Design Center in growth phase
Combo inertial sensor market on 19% CAGR, says Yole.
US, China pushing industrial chip market growth, says IHS
LA Auto Show: Hydrogen fuel cell drive is back
Opening up the IoT data flood gates
November 21, 2014
Only a few days after their LoRa long range communication demo at electronica, IBM and Semtech are making the LoRa MAC protocol ...
Polarizing filter reduces energy drain from smartphone displays
From warm to cool white: colour-temperature tunable LEDs
System provides high-volume solution for flexible OLED displays
- Halogen-free options and increased performance for terminal blocks
- Wireless Power User Guide
- Secure is the New Smart
- 5 Best Practices for Designing Flexible Test Stations
InterviewFreescale CEO: 'IoT isn't just buzz'
Coming after the solid third quarter results that produced higher operating margins and improving cash flow, Freescale Semiconductor's CEO Gregg Lowe had every reason to be chipper and lively when EE Times ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Cherry is giving away five of its Energy Harvesting Evaluation kits, worth over 266 Euros each, for EETimes Europe's readers to win. Cherry's energy harvesting technology benefit mostly applications where a complex wire assembly and/or batteries would be inappropriate.
The required RF-energy is created by the mechanical actuation of the switch and the data is transmitted...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.
Most popular news
- Could magnesium battery innovation end lithium's dominance?
- From warm to cool white: colour-temperature tunable LEDs
- Li-Fi communication module wirelessly transfers data at 1-Gbps
- Supercapacitor innovation promises panel-powered cars in five years
- Rebranding the revolution: the future of IoT is embedded