AT&T says merger would bring 5,000 jobs back to US

31st August 2011, Comments 0 comments

Telecommunications giant AT&T said Wednesday that its proposed acquisition of T-Mobile would bring 5,000 wireless call center jobs back to the United States.

"In addition to bringing jobs back, AT&T committed that the merger will not result in any job losses for US-based wireless call center employees of T-Mobile USA or AT&T, who are on the payroll when the merger closes," it said.

It said it had not yet determined where the new jobs would be located.

"At a time when many Americans are struggling and our economy faces significant challenges, were pleased that the T-Mobile merger allows us to bring 5,000 jobs back," AT&T Chairman and CEO Randall Stephenson said.

"This merger and todays commitment are good for our employees, our customers and our country."

US unemployment has hovered above nine percent for months as the recovery from the 2008 financial crisis has lagged.

AT&T said that as part of the merger with T-Mobile -- the US unit of Germany's Deutsche Telekom -- it had agreed to increase its US infrastructure investment by more than $8 billion.

It said the merger would benefit customers by increasing network capacity, resulting in fewer dropped calls and the delivery of high-speed mobile broadband service to 55 million more Americans.

Facebook, Microsoft, Oracle, Yahoo! and other technology giants have come out in support of AT&T's proposed $39 billion acquisition of T-Mobile, saying it could help meet rising demand for wireless broadband.

But rival Sprint Nextel strongly opposes the deal, which would give AT&T around 40 percent of the market and make it the top US wireless carrier.

Verizon is currently number one, followed by AT&T, Sprint Nextel and T-Mobile.

© 2011 AFP

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