Alltel buys assets from Cingular; swaps market interests
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NEW YORK, November 26  - Alltel Corporation (AT.NYS) has reached a definitive agreement to acquire certain assets from Cingular Wireless for $170 million in cash, while the two companies have agreed to swap partnership interests in
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Cingular Wireless completed its purchase of AT&amp;T Wireless yesterday after the Federal Communications Commission signed off on the $41 billion deal that creates the country&#39;s largest mobile phone provider.
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The Department of Justice (DoJ) today announced that it would approve Cingular&#39;s $41 billion dollar acquisition of AT&amp;T Wireless (Quote, Chart), provided the mobile carrier sells assets, such as spectrum and customer contracts, in 11 states.
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Alltel Corp.'s proposed $24.7 billion acquisition by private- equity firms may lead to the sale of other mobile-phone providers that serve rural areas.  Dobson Communications Corp., Centennial Communications Corp., Rural Cellular Corp. and United States Cellular Corp.
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Under the deal, the Federal Communications Commission will require Cingular to sell part of the combined company's operations in 22 markets.
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Cingular, jointly owned by BellSouth and SBC Communications, said the buyers are Singapore Technologies Telemedia and TM International of Malaysia.
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Cingular Wireless LLC&#39;s $41 billion buyout of rival AT&amp;T Wireless Services Inc., approved Tuesday by the Federal Communications Commission, is expected to give customers
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Sprint Corp. FON.N on Wednesday  agreed to buy mobile telephone company Nextel Communications  Inc. NXTL.O in a deal worth $35.17 billion to gain more  business customers and more airwaves to transmit calls.
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WASHINGTON-The Federal Communications Commission today conditionally approved the $41 billion merger of Cingular Wireless LLC and AT&amp;T Wireless Services Inc.
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NEW YORK - Just two months after the announcement that Cingular Wireless will acquire AT&amp;T Wireless, Sprint has announced that it plans to buy Nextel Communications for $35 billion.
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Alltel Corp. AT.N, the leading rural  telephone company, on Monday said it would buy rural mobile  operator Western Wireless Corp. WWCA.O for about $4.15  billion in cash and stock to boost its competitive position in  the rapidly consolidating U.S. wireless industry.
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Sprint Corp. agreed to buy Nextel Communications Inc. for about $35 billion in a transaction that would leave three companies in control of 70 percent of the US mobile-telephone market.
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In the aftermath of its purchase of AT&amp;T Wireless, Cingular Wireless is selling several sets of 10 megahertz wireless licenses to two different carriers.
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The Department of Justice announced today that it has reached a settlement requiring Cingular Wireless Corporation to divest assets in 13 markets in order to proceed with Cingular Wireless&#39;s $41 billion acquisition of AT&amp;T Wireless.
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Alltel (AT:NYSE - news - research) has agreed to pay Cingular $170 million for portions of the former AT&amp;T Wireless business in six states as part of a mandated divestiture.
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The Department of Justice has approved Cingular Wireless' &#36;41 billion acquisition of AT&amp;T Wireless Services.
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Cingular Wireless LLC on Wednesday said it agreed to swap service networks and subscribers in two states and one territory with Triton PCS Holdings Inc.