BOSTON, March 21, 2011 /PRNewswire/ -- Yesterday, AT&T Inc. and Deutsche Telekom announced AT&T will be purchasing T-Mobile USA for $39 billion, broken down into $25 billion in cash and $14 billion in stock. Under the agreement, Deutsche Telekom will receive approximately 8% ownership of AT&T and will have one of its representatives join the AT&T Board of Directors. This is a transaction with fair price and reasonable non-monetary terms.
Perhaps most importantly, AT&T will be able to commit to an expanded 4G LTE deployment, covering 95% of the U.S. population, which tops earlier projected capabilities of 80%. The optimization available over 4G LTE networks allows voice, data, and wireless broadband to travel at speeds up to 10x faster than traditional networks, which is crucial to maximize distance learning capabilities.
This transaction will also ensure an a additional 46.5 million Americans and 1.2 million square miles are receiving access to wireless broadband technologies, connecting a larger population of potential distance learners to the benefits e-learning affords, from increased access to a diverse set of schools, textbooks, and programs to other connected students, all from the comfort and convenience of their mobile phone.
This transaction will enable more Americans to realize the benefits of distance learning through wireless devices, mobile apps, and other related educational tools and promises to further the cause of the USDLA and help us to accomplish our mission.
The United States Distance Learning Association is a non-profit organization formed in 1987 and is located in Boston, Massachusetts. USDLA promotes the development and application of distance learning for education and training and serves the needs of the distance learning community by providing advocacy, information, networking and opportunity. Distance education and training constituencies served include pre-k-12 education, higher and continuing education, home schooling, as well as business, corporate, military, government, and telehealth markets.
SOURCE United States Distance Learning Association