Cingular wraps up AT&T Wireless acquisition
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WASHINGTON - Cingular Wireless LLC announced Tuesday that it completed a $41 billion acquisition of AT&T Wireless Services Inc., creating the nation's largest wireless carrier, following approval from two U.S. government agencies.
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U.S. antitrust authorities on Monday  approved Cingular Wireless' plan to acquire rival AT&T Wireless  Services Inc. for $41 billion in cash, creating the nation's  biggest wireless carrier.
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Cingular Wireless, which yesterday finalized its purchase of AT&amp;T Wireless, said the company will be governed from four regional centers -- one of them in Redmond -- by a combination of its executives and those from AT&amp;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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Cingular Wireless LLC, the joint venture between SBC Communications Inc. and BellSouth Corp., has reached an agreement with the US Department of Justice that will allow the companyâs proposed acquisition of AT&amp;T Wireless to proceed on schedule.
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In results skewed by its blockbuster acquisition of AT&amp;T Wireless Services Inc., Cingular Wireless LLC swung to a loss in the fourth quarter but said Monday it was heartened by its status as the nation's largest mobile phone provider.
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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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The &#36;41 billion merger between Cingular Wireless LLC and AT&T Wireless Services Inc. won approval from the Federal Communications Commission yesterday, according to federal sources close to the agency, paving the way for major changes in the lucrative wireless-phone market.
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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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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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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.
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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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With one federal approval received yesterday and another coming as soon as today, Cingular Wireless is finally poised to complete its $41 billion takeover of AT&T Wireless Services Inc.
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Cingular Wireless, the nation&#39;s largest wireless carrier following the company&#39;s merger with AT&amp;T Wireless, said Wednesday that it has completed integration activities ahead of schedule and now expects merger-related cost savings to exceed prior estimates
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Cingular Wireless LLC, the nation's largest mobile phone provider, said it lost &#36;497 million in the fourth quarter as it completed its &#36;41 billion purchase of AT&amp;T Wireless Services Inc. It also said it ended 2004 with 49.1 million customers, an increase of 1.8 million in the period.
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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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The US&#36;41 billion merger of Cingular Wireless and AT&T Wireless Services (NYSE: AWE) is the largest so far in the U.S. wireless telecom industry.