VoiceStream reportedly is negotiating to acquire
in a transaction that would create the second-biggest wireless carrier in the U.S.
VoiceStream, which is owned by
, would be the dominant shareholder in the combined firm. The talks are in a preliminary stage and might not result in an agreement,
The Wall Street Journal
A merged VoiceStream and AT&T Wireless would have more than 25 million subscribers -- trailing only the 29.4 million of
Verizon Wireless. The combined company would have annual revenue of over $25 billion. AT&T Wireless had $13.6 billion in revenue last year.