NPR'S Jim Zarroli reports that Deutsche Telekom and Voicestream Wireless made it official today. The German telecom giant will acquire the Bellvue, Washington company in a stock and cash deal valued at more than 50-billion-dollars. The deal, if approved, would create a wireless phone service capable of operating in the U.S., Europe and Asia. The merger may face stiff opposition in Washington, though. Some lawmakers are concerned that the German government holds a majority stake in Deutsche Telekom.
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