Breaking: Verizon buys AT&T for $25 billion

The boys are reporting from CTIA that Verizon just announced they’re purchasing AT&T for $25 billion. The news came during the joint Verizon/AT&T luncheon at Piero’s (great pesto) and it means that the flagging CDMA company will now have a GSM presence internationally. The first phone on the new VerizonGSM branded network: the iPhone. More news as we have it.