Scale has always been the name of the game in the telecom industry. Even dating back to the days of the AT&T (NYSE:T) monopoly of the mid-20th century, telecom companies have always grown through acquisition. The financial crisis only temporarily slowed this trend, but we've seen the buyout boom in this space resume with a fury over the last 12 months. We recently saw the latest domino fall as giant AT&T agreed to snap up smaller pre-paid wireless player Leap Wireless (NASDAQ:LEAP). In this video, Fool contributor Andrew Tonner breaks down the deal and what it means for investors in this sector.

Fool contributor Andrew Tonner has no position in any stocks mentioned. Follow Andrew and all his writing on Twitter at @AndrewTonnerThe Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.