T-Mobile Now Belongs to AT&T [REPORT]
Yes friends, T-Mobile is now AT&T's newest baby.
AT&T has just released a statement regarding T-Mobile USA. Yes friends, Verizon’s arch rival has bought T-Mobile USA for $39 billion in cash and stock. In a PR, AT&T said that the said agreement was approved by both companies’ board of directors.
T-Mobile USA is now a true blood American company by name and nature. However, the downside of this news is that leaves people with a small choice on acquiring a GSM phone. In AT&T’s Press Release, the company emphasized how the US market will still be competitive after this deal:
The U.S. wireless industry is one of the most fiercely competitive markets in the world and will remain so after this deal. The U.S. is one of the few countries in the world where a large majority of consumers can choose from five or more wireless providers in their local market. For example, in 18 of the top 20 U.S. local markets, there are five or more providers. Local market competition is escalating among larger carriers, low-cost carriers and several regional wireless players with nationwide service plans. This intense competition is only increasing with the build-out of new 4G networks and the emergence of new market entrants.
What do you think of this one? Good step or bad move? Mashable recently contacted Forrester Research analyst, Charles Golvin, about the issue and he said:
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“AT&T’s acquisition of T-Mobile, if approved, brings good news and bad news. The good news: high-speed mobile broadband service will improve in quality and coverage, including — in the long run — those in rural communities outside the reach of terrestrial broadband today. The bad news: the cost of that service won’t come down nearly as fast as customers would like, since AT&T and Verizon Wireless combined would own nearly three out of every four wireless subscriptions in the US. While clearly troublesome for Sprint and other mobile smaller mobile competitors, It’s also bad news for cable operators, whose incipient mobility products will suffer in comparison to what AT&T and Verizon can offer.”