Cingular Closes $41 Bln ATT Wireless Deal
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Cingular Wireless on Tuesday closed its $41 billion cash purchase of AT&amp;T Wireless Services Inc. (AWE), creating the biggest US mobile service with more than 46 million customers.
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Justice Department antitrust regulators cleared the way Monday for Cingular Wireless LLC's &#36;41 billion acquisition of AT&amp;T Wireless Services Inc., a crucial step toward creating the nation's largest wireless telephone company.
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Justice Department antitrust regulators cleared the way Monday for Cingular Wireless LLC's $41 billion acquisition of AT&T Wireless Services Inc., a crucial step toward creating the nation's largest wireless telephone company.
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Federal regulators approved the $41 billion purchase of AT&amp;T Wireless by Cingular Wireless, a crucial step in a merger that will create the nation&#39;s largest cellphone company.
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AT&amp;T Wireless and AT&amp;T Corp. have resolved a dispute over branding and reached a new agreement ahead of Cingular Wireless&#39; planned purchase of AT&amp;T Wireless, the three companies said Monday.
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After clearing Department of Justice and FCC hurdles, Cingular Wireless and AT&amp;T Wireless have completed their $41 billion merger, creating the nation&#39;s biggest wireless carrier in terms of subscribers.
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Cingular Wireless, which completed its $41 billion acquisition of AT&amp;T Wireless in October, is to have finished today its makeover of 226 company-owned stores that were former AT&amp;T Wireless locations, a job that started Sunday night.
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The US&#36;41 billion merger of Cingular Wireless and AT&T Wireless Services (NYSE: AWE) is the largest so far in the U.S. wireless telecom industry.
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Description: The Justice Department clears the way for Cingular Wireless to acquire AT&amp;T Wireless. The deal, worth an estimated $41 billion, would make Cingular the nation&#39;s largest wireless phone company.
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WASHINGTON - Cingular Wireless LLC announced Tuesday that it completed a $41 billion acquisition of AT&T Wireless Services Inc., creating the nation's largest wireless carrier, following approval from two U.S. government agencies.
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The $41 billion deal will create the country's largest mobile phone provider.
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Cingular Wireless&#39;s dream of becoming the nation&#39;s largest mobile phone provider came true yesterday, with final regulatory approval of its $41 billion purchase of AT&amp;T Wireless Services.
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U.S. regulators are set to give  Cingular Wireless final approval for its $41 billion purchase  of AT&T Wireless Services Inc. AWE.N on Monday, on condition  that it sells assets including wireless airwaves in more than  16 markets, according to a source close to the deal.
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Mere weeks after the closing of a massive $41 billion merger of Cingular Wireless (owned jointly by SBC Communications and BellSouth) and rival AT&amp;T Wireless, the wireless industry is hot with rumors of the next major deal.
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Cingular Wireless will cut about 7,000 jobs, or 10 percent of its work force, to cut costs as it integrates recently purchased AT&T Wireless, the company said on Tuesday.
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Cingular Wireless moved a step closer to its purchase of AT&amp;T Wireless Services after the US Justice Department gave the green light Monday for the $41 billion deal to proceed.
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The $41 billion cash purchase of Redmond-based AT&amp;T Wireless by Cingular, likely to close this week, means long-term good news for customers, a decidedly mixed picture for shareholders and employees, and big payout to top AT&amp;T Wireless executives.