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AT&T on Sunday announced plans to buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion. The transaction, which would catapult AT&T past Verizon as the largest cellphone company in the U.S., still needs regulatory approval from the federal government. (Associated Press)

AT&T on Sunday announced plans to buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion. The transaction, which would catapult AT&T past Verizon as the largest cellphone company in the U.S., still needs regulatory approval from the federal government. (Associated Press)

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