AT&T Inc., Dallas, could add $700 million in T-Mobile USA Inc. 401(k) assets under an agreement announced Monday to acquire the U.S. wireless operation of Deutsche Telekom AG, Bonn.
Bellevue, Wash.-based T-Mobile USA's plan uses T. Rowe Price as a money manager and record keeper, according to BrightScope, a firm that provides ratings and research on 401(k) plans.
AT&T had $47.6 billion in defined benefit assets as of Dec. 31 and $30 billion in 401(k) assets as of Sept. 30, according to its 10-K report and Pensions & Investments.
Further information was unavailable. Officials at T-Mobile USA and AT&T couldn't be reached for comment.