Second-ranked AT&T is buying fourth-ranked T-Mobile USA from Deutsche Telekom AG for $39 billion in cash and stock, which will create the country’s largest wireless carrier. With the merger, AT&T will retire the T-Mobile name and immediately gain around 130 million customers. That will give them a 30 percent lead on Verizon Wireless and a two-to-one lead on Sprint Nextel. But it’ll likely come at the expense of thousands of jobs — AT&T employs around 267,000 people and T-Mobile, 38,000. The deal was pitched as a way to clear up network congestion, as AT&T ramps up plans to build a new network. But it still could all fall through: The FCC has to approve the deal, and they’ve been critical of the decrease in wireless options in the last year.
House is not expected to take it up this Congress, but a significant message to Saudi - and the Admin which opposed the resolution