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| AT&T to buy T-Mobile USA making it top US wireless firm | |
| (40 minutes later) | |
| AT&T said it will buy rival T-Mobile USA from Deutsche Telekom AG for $39bn (£24bn), making it the largest mobile phone company in the US. | AT&T said it will buy rival T-Mobile USA from Deutsche Telekom AG for $39bn (£24bn), making it the largest mobile phone company in the US. |
| The deal would give AT&T, currently the second-largest mobile carrier, about 43% market share. | The deal would give AT&T, currently the second-largest mobile carrier, about 43% market share. |
| T-Mobile customers will get access to AT&T's phone lineup, including the iPhone. | T-Mobile customers will get access to AT&T's phone lineup, including the iPhone. |
| The deal would reduce competition in the US mobile phone industry and needs approval from regulators. | The deal would reduce competition in the US mobile phone industry and needs approval from regulators. |
| Analysts said that the deal may prove controversial. | |
| Consumer rights group Public Knowledge said that the deal would lead to "higher prices, fewer choices, less innovation". | |
| The phone companies countered that the US market was competitive and call prices had declined in recent years as a result. | |
| AT&T said regulators may ask it to sell some assets as a condition for approval. | |
| It said it expects the deal be completed in 12 months. |