Backing for sale of AT&amp;T Wireless
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Federal Communications Commission Chairman Michael Powell yesterday unofficially recommended that the agency approve Cingular Wireless&#39; proposed $41 billion purchase of Redmond&#39;s AT&amp;T Wireless.
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A final decision by the US Federal Communications Commission on Cingular Wireless&#39; proposed purchase of AT&amp;T Wireless Services Inc.
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Cingular said it closed its &#36;41 billion purchase AT&amp;T Wireless on Tuesday. Cingular received approval for the deal earlier in the day from the Federal Communications Commission. The Department of Justice approved the acquisition on Monday.
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InfoWorld - AT&T hasn't decided whether it will bid for the highly desirable 700MHz band because it doesn't know if it can build a profitable business, given the open-access rules set for the wireless spectrum by the U.S. Federal Communications Commission in July.
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Former MediaOne Group executives are exploring a class-action lawsuit over Cingular's insistence that AT&amp;T Wireless stock options, issued by the millions to employees and former employees of MediaOne, AT&amp;T and AT&amp;T Wireless, be exercised as soon as the merger closes, people involved in the effort say.
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AT&T Inc. hasn't decided whether it will bid for the highly-desirable 700MHz band because it doesn't know if it can build a profitable business given the open-access rules set for the wireless spectrum by the U.S. Federal Communications Commission in July.
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The U.S. sale of airwaves for  advanced wireless services grossed a record $13.9 billion when  it ended on Monday, and spectrum-hungry U.S. wireless carrier  T-Mobile USA topped the bidding by offering almost $4.2 billion  for 120 licenses.
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Federal regulators will formally approve Cingular WirelessÂ $41 billion purchase of AT& T Wireless, according to company officials briefed on the matter.
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The U.S. sale of airwaves for   advanced wireless services grossed a record $13.9 billion when   it ended on Monday, and spectrum-hungry U.S. wireless carrier   T-Mobile USA topped the bidding by offering almost $4.2 billion   for 120 licenses.
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The U.S. sale of airwaves for  advanced wireless services grossed a record $13.9 billion when  it ended on Monday, and spectrum-hungry wireless carrier  T-Mobile USA, Verizon Wireless and a group of cable companies  were the highest bidders.
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Deutsche Bank Securities maintained a &quot;hold&quot; rating and $8.60 target price on AT&amp;T Wireless Services (nyse: AWE - news - people ), saying the Justice Department&#39;s approval of Cingular&#39;s takeover represents a &quot;favorable settlement.
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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.
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Cingular Wireless said it reached an agreement with AT&amp;T (nyse: T - news - people ) resolving a branding dispute for the AT&amp;T name.
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Verizon Communications has reportedly gained the backing of its wireless partner, Vodafone Group, for a potential bid for Sprint Corp, clearing a major hurdle to such a deal.
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AT&amp;T and Verizon Wireless want to go up against other current mobile operators and some possible future competitors, including Google, in next month&#39;s&#160;auction for 700MHz wireless spectrum&#160;around the U.S.
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Cingular Wireless is set to receive final approval from the Department of  Justice for its &#36;41 billion purchase of AT&T Wireless. One condition the Justice  Department reportedly is going to set is that Cingular must sell off  wireless  airwave assets in 16-24 markets for competitive reasons.
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The FCC releases names of 266 companies officially planning to bid in the government's upcoming 700-MHz-spectrum auction. More than half those botched their initial applications, including big names like Verizon, AT&T,  Qualcomm and Alltel. They have until Jan. 4 to qualify for the auction.