Merger Approval Expected To Be Announced Monday
Regulators Let Cingular Buy AT&T Wireless
Merger Will Create Biggest U.S. Cell Firm
By Yuki Noguchi
Washington Post Staff Writer
Saturday, October 23, 2004; Page E01
The $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.
The FCC and Justice Department plan to announce on Monday that both agencies have signed off on the deal, although the regulators will require Cingular to make some concessions in return, according to the sources, who declined to be identified because the decision has not yet been made public.
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Merger Will Create Biggest U.S. Cell Firm
By Yuki Noguchi
Washington Post Staff Writer
Saturday, October 23, 2004; Page E01
The $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.
The FCC and Justice Department plan to announce on Monday that both agencies have signed off on the deal, although the regulators will require Cingular to make some concessions in return, according to the sources, who declined to be identified because the decision has not yet been made public.
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Yeah! It's about time...
However, I wonder why this news doesn't appear anywhere else online? It's not in the NY Times, it's not on Yahoo's message board for AWE, it's nowhere else to be found.
Here is the link to the Post's article:
http://www.washingtonpost.com/wp-dyn/articles/A55574 ... »
However, I wonder why this news doesn't appear anywhere else online? It's not in the NY Times, it's not on Yahoo's message board for AWE, it's nowhere else to be found.
Here is the link to the Post's article:
http://www.washingtonpost.com/wp-dyn/articles/A55574 ... »
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That's because most news sources probably won't put it in print until the approval is officially announced. You should see it in print Monday or Tuesday.
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One more thing to bring up about the takeover, with Audiovox annoumcing today, plans for an EV-DO phone and Sprint and Verizon upgrading their networks, will the merger happen soon enough for customers seeking higher data speeds to stay with The New Cingular when they upgrade to WCDMA, or will other carriers succeed in that area first?
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WCDMA is already up in some markets. These things take time get get set up but things are already well on their way. Right now AWS has 2 UMTS/WCDMA phones out.
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Nothing new really. Just another article about from today's NY Times about the announcement (you must be registered to read the article on their website)
http://www.nytimes.com/2004/10/25/business/25cingula ... »
October 25, 2004
Approval Expected for Big Cellphone Deal
By KEN BELSON
Federal regulators will formally approve Cingular Wireless's $41 billion purchase of AT&T Wireless today, company officials briefed on the matter said over the weekend.
In approving the deal, analysts said that the Justice Department and the Federal Communications Commission would demand that Cingular give up some of its spectrum licenses, among other steps, to ease concerns that the new company would possess too much ...
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http://www.nytimes.com/2004/10/25/business/25cingula ... »
October 25, 2004
Approval Expected for Big Cellphone Deal
By KEN BELSON
Federal regulators will formally approve Cingular Wireless's $41 billion purchase of AT&T Wireless today, company officials briefed on the matter said over the weekend.
In approving the deal, analysts said that the Justice Department and the Federal Communications Commission would demand that Cingular give up some of its spectrum licenses, among other steps, to ease concerns that the new company would possess too much ...
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