AT&T Inc's (T.N) bold $39 billion plan to snap up Deutsche Telekom AG's (DTEGn.DE) T-Mobile USA was applauded by investors, although worries about whether it will win approval limited the share rally. At least four brokerages upgraded the AT&T's stock following the industry-changing deal. Investors appeared to shrug off several years of pressure on AT&T earnings expected as a result of the transaction. AT&T shares were up 1.64 percent and Deutsche Telekom rose nearly 12 percent to a record high after announcement of the deal, which sent reverberations across the telecommunications industry.
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