14 DAY TRIAL // The telecommunication market in the United States is about to see a major change, as wireless carrier AT&T is gearing up for the purchase of T-Mobile USA, just as it announced a while ago.
The deal between the two is estimated at $39 billion, and should result in the unification of the two largest GSM networks in the country.
To determine the approval of this transaction, AT&T and T-Mobile filed a statement with the Federal Communications Commission, and underlined the main benefits of the deal.
According to them, the deal will provide customers of AT&T and T-Mobile with the network capacity they need, so that they would enjoy the mobile broadband as they should.
According to AT&T, some of the main reasons for which this deal should be approved include:
- The transaction will generate jobs and economic growth - The transaction will preserve and promote competition and innovation - The wireless market will remain vibrantly competitive - The network capacity of the combined company will far exceed the sum generated by its pre-merger parts - Numerous competitors will have ample spectrum to maintain the vibrantly competitive U.S. wireless market
Moreover, the transaction would result in the deployment of LTE for over 97 percent of the U.S. population, the carrier notes.
“The synergies of this transaction will create immense new capacity that will provide enormous benefits to consumers,” AT&T stated.
“ That new capacity will provide a more robust platform for the next generation of bandwidth-intensive mobile applications while improving consumers’ overall service quality through faster data speeds and fewer dropped and blocked calls.
“In the process it will create jobs and investment, help bridge the digital divide, and help achieve the Administration’s rural broadband objectives, all without the expenditure of government funds.”
A wide range of industry players already announced their support for the transaction, as well as other influential people, communities and various entities.
According to AT&T, the transaction is supported by governors of 17 states; labor unions representing 20 million workers; rural and environmental groups; venture capitalists; high-tech community’s apps developers, as well as device makers.
The wireless carrier also mentions companies like Avaya, Brocade, Facebook, Microsoft, Oracle, Qualcomm, RIM, Yahoo! and others, who already announced their support of this deal.
Those who would like to have a look at the full publicly available filing, which does not include certain portions containing competitively confidential information, should head here.