17 February 2004
Cingular To Acquire AT&T Wireless
Posted by Zane under: News .
$41 billion deal to create number one wireless carrier, bring greater network coverage, improved service quality, new advanced data services to customers.
ATLANTA - February 17, 2004 - Cingular Wireless LLC, a joint venture between SBC Communications Inc. (NYSE: SBC) and BellSouth Corp. (NYSE: BLS), announced today an agreement to acquire AT&T Wireless (NYSE: AWE), creating the premier wireless carrier in the United States. Today, the combined company would have 46 million customers and one of the most advanced digital networks in the U.S., with spectrum in 49 states and coverage in 97 of the top 100 markets. The combined 2003 annual revenues of the two companies would have exceeded $32 billion.
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