It’s official, AT&T has acquired T-Mobile for $39-billion pending FCC and DOJ approval. This deal “would give AT&T 129 million subscribers, vaulting it past Verizon Wireless’ 102 million.” It has already been approved by the boards of both companies. Here’s what Sprint has to say:

If approved, the merger would result in a wireless industry dominated overwhelmingly by two vertically-integrated companies that control almost 80% of the US wireless post-paid market, as well as the availability and price of key inputs such as backhaul and access needed by other wireless companies to compete.

[via YahooEngadget]