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Ma Bell Returns: AT&T to Buy T-Mobile for $39 Billion

Posted Mar 21st 2011 9:00AM by Connie Madon (RSS feed)
Filed under: Deals, Internet, AT and T (T), Headline News, Technology

Telecom giant AT&T (T) is buying T-Mobile USA from Deutche Telekom (DTEGY) for $39 billion, according to the Wall Street Journal. The deal is for $25 billion in cash and the balance in stock. Deutche Telekom will get an 8% stake in AT&T.
This is a game changer. Now AT&T will have one-third more customers than Verizon (VZ) and twice as many as Sprint Nextel (S). The new AT&T will have about 130 million subscribers. AT&T will have nearly 80% of its business in wireless.

Continue reading Ma Bell Returns: AT&T to Buy T-Mobile for $39 Billion

AOL selling French and German businesses, says Guardian

Posted May 5th 2006 1:40PM by Dakota Smith (RSS feed)
Filed under: Deals, Newspapers, Time Warner (TWX)

The Guardian is reporting that AOL has put its French and German businesses up for sale, as hinted during the earnings conference call Wednesday morning [Sarah Gilbert's note: scroll all the way to the bottom and note: Wayne and Dick chuckled at the question from Citigroup analyst Jason Bazinet! Chuckled! They are so called out!].

The company will keep its British business, and continue to operate Internet portals in Germany and France. According to the paper, AOL's operations in both countries have struggled against France Telecom and Deutsche Telekom. Citigroup is said to have been retained to sell the businesses, which analysts estimate to be worth a total of €700m (£480m).