20 March 2011
Last updated at 20:09 ET
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.
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.
Originally posted here:
US phone companies in $39bn deal