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CNET News Video: AT&T plans to buy T-Mobile

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CNET News Video: AT&T plans to buy T-Mobile

1:25 /

If AT&T is successful in acquiring T-Mobile, the combined company will provide wireless coverage for roughly 42 percent of all mobile subscribers in the U.S. CNET's Kara Tsuboi reports on what could happen with your cell phone bills, plans, and service if this deal goes through.

-With news that the AT&T acquisition of T-Mobile, customers are already wondering how this will affect them. -With all the other prices going up and being 65 and the set income. -Competition is what really leads to better service. -On its website, T-Mobile says it will honor all existing customer contracts and service plans until the deal goes through. -After that, you're probably gonna get folded into some sort of a system that's AT&T's. That remains to be seen how that'll work. -And then, there's the question of service. -If they combine forces, they could share their ideas together. -I guess if they install all new cellphone towers, it'd be nice, but I kinda doubt it. -It also may help AT&T get some better coverage in urban areas, which is what Verizon has sort of had as their little pocket coup. -One area mobile customers may lose is in customer service. The combined company would have to close hundreds of stores, especially where they overlap like this corner in downtown San Francisco. -There may not be a noticeable difference right away for T-Mobile customers, but eventually, their phones may not be compatible on AT&T's network. -For 3G connectivity, you're gonna need a new phone. So, at some point, yes, you're gonna need a new phone to work with that AT&T network. -It could take up to 1 year for this deal between AT&T and T-Mobile to go through. For CBS News, I'm Kara Tsuboi, CNET.com in San Francisco.

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