AT&T agrees to buy Dobson Communications
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AT&amp;T Inc., the nation's largest wireless carrier, agreed Friday to acquire rural wireless provider Dobson Communications Corp. for $2.8 billion in cash.
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Following approval from two U.S. government agencies, Cingular Wireless LLC has completed the $41 billion acquisition of AT&T Wireless Services Inc., creating the nation's largest wireless carrier.
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The iPhone won't be just for customers living in the big cities. On the day it is introducing the hugely hyped cell phone, AT&T Inc. announced it will acquire wireless provider Dobson Communications Corp. for US$2.8 billion in cash.
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The Justice Department approved Cingular Wireless&#39; $41 billion acquisition of AT&amp;T Wireless yesterday, clearing one of the last hurdles in a deal to create the country&#39;s largest wireless-phone company.
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AT&T Inc., already the nation's largest cell phone provider, won government approval to buy highly coveted airwaves licenses that cover 196 million people in 281 markets.
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The Justice Department reached a settlement agreement yesterday allowing Cingular Wireless to buy AT&amp;T Wireless and create the nation&#39;s largest cell phone company.
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By Bloomberg News. The AT&amp;T Corporation, the nation&#39;s biggest long-distance telephone company, said yesterday that it had agreed to pay $100 million to settle a lawsuit by shareholders who claimed the carrier had lied about its finances.
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AT&T Wireless and  Cingular Wireless say they have resolved the issues relating to Cingular's use of the AT&T brand name once Cingular's acquisition of its former rival is complete. The agreement also includes a provision for the purchase of AT&T network services.
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AT&amp;T Wireless, which acquired a stake in Rogers Wireless five years ago, will use the proceeds to help pay off its debt ahead of the completion of its merger with Cingular.
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AT&amp;T, the largest US long-distance telephone company, agreed Tuesday to pay $100 million to settle a lawsuit by shareholders who said the company lied about its financial health.
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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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The U.S. Federal Communications Commission has approved the purchase by AT&amp;T of 12MHz of wireless spectrum that covers 60 percent of the U.S.AT&amp;T bought the spectrum from Aloha Spectrum Holdings. The spectrum, in the highly coveted 700MHz band, covers 196 million of the 303 million U.S. residents and includes 72 of the top 100 media markets in the country. Aloha acquired the spectrum in earlier FCC auctions and from other auction winners. This portion of the 700MHz spectrum is not part of the&#160;FCC auction&#160;now in progress.The FCC, in an order issued Monday, approved the sale despite concerns expressed by the commission&#39;s two Democratic members. AT&amp;T announced in October that it intended to buy the spectrum for $2.5 billion. The company said then it planned to use the spectrum for broadcast video or for two-way communications such as voice, data or multicast content.The 700MHz spectrum band carries wireless signals three to four times farther than some higher spectrum bands, making it optimal for long-range broadband networks.Commissioner Jonathan Adelstein said he voted to approve the deal because of a lack of public opposition, but he had concerns about the FCC&#39;s review of the deal.The agency&#39;s review &quot;lacks both substance and analysis in its review of whether, on balance, the transaction serves the public&#39;s interest,&quot; Adelstein said in a statement. &quot;We are required to do more than simply conclude that a transaction benefits the public and will not have an adverse effect on competition. I would have preferred to see a more thorough assessment weighing the potential public interest harms and benefits of this transaction and its impact on the mobile telephony market.&quot;Commissioner Michael Copps voted against the deal. The deal could have a large impact on a mobile voice and data market &quot;that has seen round after round of consolidation in recent years,&quot; he said in a statement.Copps also raised concerns about the FCC&#39;s review of the deal. The review &quot;contains only an extremely abbreviated analysis of the competitive effects of this change in ownership,&quot; he said.AT&amp;T, in a statement, said it was pleased with the FCC&#39;s decision. The deal will help AT&amp;T meet growing customer demand for wireless services, the company said.
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SBC Communications Inc. has agreed to acquire AT&T Corp. in a $16 billion deal that would create the nation's largest communications company, the companies said early Monday.
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Cingular Wireless LLC has reached an agreement with the US Department of Justice that will allow the company&#39;s proposed $41 billion acquisition of AT&amp;T Wireless to proceed on schedule.
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By TOM PARSONS Associated Press  LITTLE ROCK -- A pair of investment firms have agreed to acquire Alltel Corp., the fifth-biggest U.S. wireless company and owner of the nation's largest geographic network, in a deal worth $24.8 billion.
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Regional US telecommunications group Alltel announced it had agreed to buy Western Wireless Corp. for about six billion dollars in cash and stock.
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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.