AT&T recently acquired television provider DirecTV for $49 billion, offered $85 billion for Time Warner and is floating the idea of buying out competitor T-Mobile—which would come at an estimated $70 billion price tag, reports 24/7 Wall Street.
AT&T attempted to buy T-Mobile in 2011, but the potentially $39 billion deal fell through. Buyout talks have been reignited due to Softbank, Sprint’s majority shareholders’ interest in a potential transaction with Deutsche Telekom, which is controlled by T-Mobile.
Although ranked third out of the four major carriers, T-Mobile has added subscribers at an impressive rate, surpassing Sprint as the third largest major carrier. T-Mobile has 68 million subscribers compared to Sprint’s 58 million.
AT&T remains the second largest carrier behind Verizon, with 132 million subscribers, meaning an acquisition of T-Mobile could put them atop the subscriber count.
February 21, 2017