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AT&ampT to buy T-Mobile USA for $39B

March 20, 2011 12:00:00 AM PDT
AT&T Inc. announced Sunday that it is buying T-Mobile USA in a $39-billion deal that would make it the largest wireless company in the U.S.

The cash and stock deal also reduces the number of national wireless carriers from four to three.

The other two are Verizon Wireless and Sprint Nextel Corp.

The acquisition would give AT&T 129 million subscribers, vaulting it past Verizon's 102 million. The combined company would serve about 43 percent of U.S. cellphones.

Customers aren't expected to see any changes for awhile, as the deal could take a year to close.