Deutsche Telekom sells its US business to AT&T to the price of $39b, in a move that both will both mark its exit from the US market and make it AT&T's biggest shareholder.
The German telco was the USA's 4th biggest wireless carrier
T-Mobile says the cash injection will help strengthen its European position-- saying it will help it concentrate on the "transform" and "innovate" parts of its strategies.
What will this mean? Possibly improvement-- if not an entirely new infrastructure-- for Germany and other European territories.
The sale will still have to be regulated by the relevant US authorities, in a process that could take a year to close.