Justice Dept. pact calls on Cingular to sell some licenses
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WASHINGTON (CBS.MW) -- The US Justice Department gave conditional approval Monday to Cingular Wireless&#39; acquisition of AT&amp;T Wireless, a $41 billion deal creating the nation&#39;s largest wireless carrier.
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Federal Communications Commission Chairman Michael Powell recommended that the agency approve Cingular Wireless&#39; proposed $41 billion purchase of Redmond-based AT&amp;T Wireless Services, a person familiar with the matter said.
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NEW YORK: The US justice department on Monday said it approved Cingular Wirelessâ $41bn plan to buy AT&amp;T Wireless Services, creating the countryâs biggest mobile provider, but it must sell assets to ensure competition.
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Panama will auction two new  cellular phone licenses at a minimum price of $36 million each,  in a bid to increase competition and encourage lower prices and  improved services, the government said on Monday.
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Cingular Wireless LLC won approval from US regulators for its $41 billion purchase of AT&amp;T Wireless Services Inc. on the condition the companies sell airwaves and give up customers in
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Federal Communications Commission Chairman Michael Powell said yesterday he&#39;ll probably issue a recommendation this month on whether to approve Cingular Wireless LLC&#39;s $41 billion purchase of AT&amp;T Wireless Services Inc.
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U.S. antitrust authorities on Monday approved Cingular Wireless' plan to acquire rival AT&T Wireless Services Inc. for &#36;41 billion in cash, creating the nation's biggest wireless carrier.
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The US Department of Justice approved Cingular Wireless LLC&#39;s $41 billion purchase of AT&amp;T Wireless Services Inc. on Monday.
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A new licensing deal with Trimble could assist in Qualcomm negotiations.
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Cingular Wireless plans to sell one of its older wireless data networks to a group of private investors for an undisclosed sum.   The cell-phone company said Monday it will sell the unit -- the carrier of data for Blackberry e-mail devices, among other things -- to affiliates of New York private-equity firm Cerberus Capital Management LP...
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The U.S. Federal Communications Commission said on Tuesday it has conditionally approved Cingular Wireless' &#36;41 billion acquisition of AT&T Wireless Services Inc. , clearing the last big hurdle for the deal.
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The U.S. Federal Communications Commission said on Tuesday it has conditionally approved Cingular Wireless' &#36;41 billion cash acquisition of AT&T Wireless Services Inc. , clearing the last big hurdle for the deal.
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Justice Department antitrust regulators cleared the way for Cingular Wireless's $41 billion acquisition of AT&T Wireless.
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The U.S. Federal Communications  Commission said on Tuesday it has conditionally approved  Cingular Wireless' $41 billion cash acquisition of AT&T  Wireless Services Inc. AWE.N, clearing the last big hurdle  for the deal.
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(InfoWorld) - T-Mobile USA Inc. came out the biggest spender in the U.S. Federal Communications Commission's Advanced Wireless Services spectrum auction, which ended Monday. Participants bid a total of nearly US$13.9 billion on 1,087 licenses to offer 3G (third-generation) mobile services in areas across the U.S. The auction began Aug. 9 and went on for 161 rounds. The radio frequencies could be used for services including data, voice and video on mobile devices. The auction is the first of two that should roughly double the amount of radio spectrum available in the U.S. for mobile services. The FCC is also preparing to auction frequencies around 700 MHz that have been used for TV broadcasts. Moving those to mobile use could take years. T-Mobile is playing catch-up against bigger carriers in introducing 3G services. Its bidding company, T-Mobile License LLC, had the winning bids on 120 licenses and will pay almost $4.2 billion for its spectrum. All told, the licenses it won could reach almost 475 million people, a number greater than the U.S. population. There was a wide variety of licenses up for auction, ranging from local to regional coverage. The five biggest bidders, led by T-Mobile, represented the country's biggest cellular companies. Cellco Partnership, representing Verizon Wireless Inc., came in second place with $2.8 billion in bids for 13 licenses. SpectrumCo LLC, representing Sprint Nextel Corp. and cable partners, bid almost $2.4 billion for 137 licenses and Metro PCS AWS LLC bid almost $1.4 billion for eight licenses. Cingular Wireless LLC, represented by Cingular AWS LLC, came in fifth with bids of more than $1.3 billion for 48 licenses. Overall, more than half of the 104 winning bidders that participated were certified as small businesses, according to the FCC. The agency put 1,122 licenses up for auction. The unsold licenses will be made available again in a future auction. The winners need to make down payments within ten days after the FCC puts out a public notice on the close of the auction. In the same time period, they have to submit long-form applications for the licenses.
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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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WASHINGTON - Cingular Wireless LLC will divest itself of wireless customers and other assets in 13 U.S. markets as a requirement for its $41 billion acquisition of AT&T Wireless Services Inc., according to an consent decree announced Monday by the company and the U.S. Department of Justice (DOJ).