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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