Thursday, May 5, 2011

T-Mobile


I will not invest in T-Mobile stock because its undergoing a merger with AT&T. In 2011 Deutsche Telekom agreed to sell the company to AT&T for about $39 billion in cash and stock. T-Mobile is now a privately owned business and the CEO from both T-Mobile and AT&T will appear before the Senate committee to argue in favor of the merger. A main point of their argument will be that a combined company will be able to provide broadband access to more more rural customers than two companies would be able to do individually.

http://www.tmonews.com/2011/05/att-and-t-mobile-senate-hearing-bringing-ceos-together/

-Downer Antonio

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