Cingular Closes $41 Bln ATT Wireless Deal
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Cingular Wireless on Tuesday closed its $41 billion cash purchase of AT&amp;T Wireless Services Inc. (AWE), creating the biggest US mobile service with more than 46 million customers.
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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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The Department of Justice (DoJ) today announced that it would approve Cingular&#39;s $41 billion dollar acquisition of AT&amp;T Wireless , provided the mobile carrier sells assets, such as spectrum and customer contracts, in 11 states.
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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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Cingular Wireless said on Friday it struck a deal to sell some assets to Alltel Corp.  for &#36;170 million in cash, a move that will help it meet the government's divestiture requirements stemming from its purchase of AT&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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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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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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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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NOVEMBER 24, 2004  - With its acquisition of AT&amp;T Wireless Services Inc. complete (see story), Cingular Wireless LLC is preparing to lay off about 10% of its 68,000 workers over a 12- to 18-month period starting next year.
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Cingular Wireless LLC, the largest wireless operator in the US following its $41 billion acquisition of AT&amp;T Wireless Service Inc, plans to axe 7,000 jobs, about 10% of the post-merger workforce.
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Cingular Wireless Corp. announced it had completed a 41-billion-dollar takeover of AT and T Wireless after winning final clearance from US regulators.
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ATLANTA Cingular Wireless reports a rise in subscribers and revenue, but a drop in operating profit ahead of the expected closing of its 41 (b) billion dollar purchase of AT-and-T Wireless Services.
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Cingular Wireless, which completed its $41 billion acquisition of AT&amp;T Wireless in October, is to have finished today its makeover of 226 company-owned stores that were former AT&amp;T Wireless locations, a job that started Sunday night.
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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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Cingular Wireless today announced it has completed its previously announced merger with AT&amp;T Wireless, creating the nation&#39;s biggest wireless carrier with the
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Cingular Wireless continues to meet its AT&amp;T Wireless merger approval obligations to shed some assets. The latest: The carrier is selling its stake in IDEA Cellular.