Cingular, AT&amp;T Wireless merger approved by FCC
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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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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 Federal Communications Commission gave its approval Tuesday to Cingular Wireless LLC's &#36;41 billion acquisition of AT&amp;T Wireless Services Inc., completing the federal regulatory blessing necessary for creation of the country's largest cellphone company.
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US regulators are set to give Cingular Wireless final approval for its $41 billion purchase of AT&amp;T Wireless Services Inc. (AWE.
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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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Federal regulators will formally approve Cingular Wireless&#39;s $41 billion purchase of AT&amp;T Wireless today, company officials briefed on the matter said over the weekend.
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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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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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US antitrust authorities on Monday approved Cingular Wireless&#39; plan to acquire rival AT&amp;T Wireless Services Inc. (AWE.N: Quote, Profile, Research) for $41 billion in cash, creating the nation&#39;s biggest wireless carrier.
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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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The Justice Department Monday approved the $41 billion merger of Cingular Wireless LLC and AT&T Wireless Services Inc., requiring the combined company to sell off some assets in 11 states in order to satisfy antitrust concerns. -The Washington Post
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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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Cingular Wireless marked the completion of its $41 billion takeover of AT&amp;T Wireless Services Inc. by immediately expanding unlimited mobile-to-mobile calling between the two networks. Subscribers of the original Cingular and AT&amp;T Wireless who have had plans that gave them unlimited calls to fellow subscribers now also get free unlimited calls to subscribers of the other carrier. Cingular is now ...
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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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It&#39;s official. Cingular Wireless may continue to use the AT&amp;T Wireless brand in its advertising, at least in the short term, following its planned merger with the carrier.
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US Federal Communications Commission Chairman Michael Powell plans to recommend Cingular Wireless receive approval to purchase AT&amp;T Wireless Services Inc.
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Northern Nevada customers of Cingular Wireless and AT&amp;T Wireless will see no changes in existing rates after Tuesdayâs approval of their $41 billion merger, officials said.