FCC MAJORITY OKs CINGULAR-AT&T WIRELESS
Reuters
FCC Majority OKs Cingular-AT&T Wireless
Wednesday October 13, 5:18 pm ET
By Jeremy Pelofsky
WASHINGTON (Reuters) - A majority of the U.S. Federal Communications Commission (News - Websites) has voted to conditionally approve Cingular Wireless' proposed acquisition of AT&T Wireless Services Inc. (NYSE:AWE - News), a source familiar with the matter said on Wednesday.
Three of the five FCC commissioners have voted to back the deal with certain divestitures likely in up to two dozen markets, said the source, who declined to be identified because the voting had not been completed.
The three Republicans have backed the deal -- Chairman Michael Powell and Com...
(continues)