Standard & Poor?s Ratings Services is warming to AT&T Inc.?s (T) (A-/Stable/A-1) planned acquisition of wireless carrier T-Mobile USA and also is positive on US wireless tower operators.
In Credit FAQ: A Closer Look At AT&T?s $39B Deal To Acquire T-Mobile USA, Standard & Poor?s says that
although we expect AT&T?s financial risk profile to weaken modestly, including adjusted leverage increasing to about 2.9x from 2.5x because of the transaction, we now view the business risk profile more favorably given the potential benefits of combining the two entities.
We also believe that the acquisition will bolster AT&T?s wireless network infrastructure and spectrum position, the latter of which is particularly important because the company plans to deploy Long-Term Evolution (LTE) as its fourth-generation (4G) wireless technology over the next several years. - Standard & Poor?s credit analyst Allyn Arden.
Additionally, the fact that both carriers use the same wireless technology Global
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