If you were thinking of switching from Cingular to AT&T Wireless, or vice versa, you might want to wait a week or two. The companies are holding merger talks,
The Wall Street Journal reported.
Cingular/AT&T
• Deal Approved
• Consumers Will Pay Big, Study Warns
• Another AT&T Wireless?
• Cingular "Wins" AT&T Wireless
• Cingular, AT&T Wireless In Merger Talks
Cingular is the nation`s second-largest cell phone carrier and AT&T Wireless is the third. A combination of the two would theoretically provide a more powerful challenge to Verizon Wireless, the largest.
It`s not the first time the companies have rubbed noses. They held a round of talks about a year ago, so each already has most of the background information needed to come to an agreement quickly.
Cingular is reportedly considering an initial public offering, which would presumably provide the capital needed to complete the AT&T Wireless acquisition. SBC owns 60 percent of Cingular, while BellSouth owns the rest.
AT&T is an attractive acquisition target. It has the largest number of business customers of any cell phone company though its growth has been weak lately and it has lost market share over the past year.
T-Mobile, owned by Deutsche Telekom AG, might also emerge as a bidder for AT&T.
Phone companies have come to rely on their cell phone units for growth, as landline business weakens. New wireless data technology may provide the next big growth spurt. Verizon Wireless recently announced plans for a new wireless network that delivers speeds comparable to DSL lines.
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14.01.2003
Cingular, AT&T Wireless In Merger Talks
If you were thinking of switching from Cingular to AT&T Wireless, or vice versa, you might want to wait a week or two. The companies are holding merger talks, The Wall Street Journal reported. Cingular/AT&T• Deal Approved• Consumers Will Pay Big,... |
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26.10.2004
Cingular-AT&T Wireless Merger Approved
With the blessing of the U.S. Justice Department and the Federal Communications Commission, Cingular today completed its acquisition of AT&T Wireless, creating the nation`s largest cellular telephone company. Cingular/AT&T• Deal Approved•... |
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18.02.2004
Cingular "Wins" AT&T Wireless
Cingular Wireless, a creature of BellSouth and SBC, plopped down $41 billion to win the bidding for for AT&T Wireless. Whether it can win the loyalty of AT&T Wireless` restless customer base is another question. Cingular/AT&T• Deal Approved•... |
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02.12.2004
Cingular Will Deploy High-Speed Wireless Broadband
Cingular Wireless has announced plans to begin deploying high-speed wireless broadband service in a number of major urban areas next year. Cingular`s recent acquisition of AT&T Wireless provided it with the spectrum necessary to roll out the service. ... |
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08.12.2005
Cingular Rolls Out High-Speed Wireless, Verizon Promises Live Video
Broadband Access• Report: Metered Broadband Bad For Consumers, Businesses• FCC Votes to Punish Comcast for Content Blocking• Comcast Tries to Polish Its Image• Communications Industry Urges Congress to Act on Broadband• Comcast Cuts Deal... |
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