It is official AT&T has agreed to buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock valued at $39 billion. It would become the largest mobile phone company in America. Deutsche Telekom AG executive board would become part of the AT&T merger and claim an 8% stake in the company.

AT&T would acquire 34 million T-Mobile clients which surpasses the Verizon Wireless customer base. It will be easy for AT&T to integrate T-Mobile operation since their services have similarities.

One move AT&T will make is to roll out its high speed wireless network to as many as 46.5 million people. This will help in achieving the FCC’s goal of making broadband more widely available to the public. This roll out is called Long-Term Evolution or LTE. We will see what happens in regards to anti-trust issues this deal will create. Sprint is very unhappy and vow to fight this deal.