You’ve probably seen those T-Mobile commercials where the network is personified as a smart young woman who reacts with cheerful pity to the doofusy bald middle-aged man who represents AT&T. Apparently, AT&T didn’t take such mockery too hard because they’re getting ready to write T-Mobile’s parent company a check for $39 billion and acquire the company (or maybe they were so consumed with rage that they just had to obliterate T-Mobile).
So what is AT&T getting for its money? According to Molly Wood, executive editor at CNET.com, they’re getting infrastructure, bandwidth, and customers. It’s a quick way to expand their company and their reach as their battle against Verizon continues. There have been rumors in recent weeks that Sprint may have been on the verge of acquiring T-Mobile USA and at least AT&T won’t have to worry about that anymore.
Molly says if you’re a T-Mobile customer your bill may be going up and we can all expect to see more AT&T exclusive phones down the road. But there are a lot of regulatory hurdles to clear and it may be months before this deal is approved.
Also in this program, NASA’s idea to shoot lasers at space junk.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
You make our
Support nonprofit news you love with a gift today.