Well, of course. AT&T's proposed $39 billion acquisition of T-Mobile USA from Deutche Telekom promises to be one of the most closely watched mergers or acquisitions in industry history, thanks to its many implications.
As for what those are, where to start? How about that AT&T would become the largest wireless carrier in the U.S., leapfrogging current No. 1 and bitter rival Verizon? Or that, according to AT&T, having T-Mobile's arrows in its quiver will speed 4G LTE service deployment to reach 95 percent of the U.S. population? Or that federal regulators are already sharpening their knives for a Capitol Hill showdown over the deal? Or that DT, which competes with AT&T for system integration business in several geographies, will now have an 8 percent stake in AT&T and a seat on AT&T's board? We'll be chewing over this one for months and probably years.