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Cingular Snags AT&T Wireless







Cingular Snags AT&T Wireless

Cingular Snags AT&T Wireless 02/17/2004 03:44 PM

Cingular Wireless nabs its rival for a cool $41 billion in cash.




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Cingular Snags AT&T Wireless

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02/17/2004 08:44 AM
AP - Cingular Wireless, the nation's No. 2 mobile phone provider, won the bidding war to acquire third-largest AT&T Wireless for nearly $41 billion, a deal that could create the nation's largest cell phone company.

Cingular to Bid $31.9B for AT&T
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AP - Cingular Wireless was planning to submit a new bid Friday to buy AT&T Wireless for at least $31.9 billion, a source familiar with the situation said.

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Lots of speculation that Cingular is weighing a merger with or acquisition of competitor AT&T Wireless. While we like the idea of there being more,...

Cingular nabs AT&T Wireless for $41B


Cingular nabs AT&T Wireless for $41B 02/17/2004 07:53 AM
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Cingular to Deliver 3G Wireless 06/23/2004 02:51 AM
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Cingular Buys AT&T Wireless; Whither
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Cingular Buys AT&T Wireless; Whither
3G?
02/17/2004 11:44 AM
Cingular has successful bid for AT&T Wireless -- and where's the data discussion in all this?: The coverage of the AT&T Wireless deal focused almost exclusively on customer acquisition, marketing budgets, infrastructure, and voice revenue, despite the growing certainty that next-generation (3G) cell data and voice services will be the biggest competitive factors for U.S.-based carriers in the remainder of this decade. AT&T Wireless has nationwide EDGE (about 100 Kbps top realistic speed, but more like high-modem speeds reliably). Cingular has GPRS, but last year was saying they would be building out EDGE quickly, and then hasn't discussed it since. The combined company will obviously focus its efforts on a quicker rollout of W-CDMA, the GSM evolution standard for 3G data/voice, especially with the commitment of Verizon Wireless of $1 billion to fully deploy 1xEvDO (up to 400 Kbps) nationwide this year. (Verizon Wireless has overnight become the No. 2 U.S. carrier, pending approval of the Cingular acquisition of AT&T Wireless.) A not-so-obscure factoid missed in all of the reporting I've seen about AT&T Wireless is its requirement to repay a $6.1 billion -- yes, BILLION -- loan to DoCoMo if they don't have four U.S. cities set up by Dec. 31, 2004, with commercially offered 3G data services. (Here's an article from last July about it.) EDGE is 2.5G and doesn't qualify, as I understand it, but I haven't seen an update on the story. It's strange that in a $41 billion deal a loan of $6.1 billion that would need to be repaid if conditions weren't met that are currently unmet wasn't highlighted as one of the liabilities of acquiring the company. I can only hope that Cingular did more due diligence than some of the business press....

Cingular Said to Boost AT&T Wireless Bid
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Cingular Said to Boost AT&T Wireless Bid
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02/14/2004 12:05 PM
AP - Cingular Wireless was planning to submit a new bid to buy AT&T Wireless for at least $31.9 billion, a source familiar with the situation said.

Cingular buys AT+T Wireless


Cingular buys AT+T Wireless 02/17/2004 11:47 AM
$41 billion. What will the resulting company be, and do? Wow. Dan Gillmor has this to say about why the mega-merger shouldn't worry those concerned about carrier consolidation:
This merger won't necessarily be bad for competition.I've been using AT&T Wireless' GSM service for about a year now. Quality of service is marginal, and the customer service has been a bit lower than marginal. But Cingular, also a GSM carrier, has an even worse reputation. So maybe combining these two networks will create something that offers at least reasonable quality.

Cingular probably overpaid, but it's smart to make this deal in at least one respect. There's only room for a couple of mergers before the market gets too cozy for real competition. While expecting serious antitrust scrutiny from the Bush administration is probably futile, there's probably enough angst in Congress to keep consolidation from being rampant.


Cingular Said to Boost AT&T Wireless Bid


Cingular Said to Boost AT&T Wireless Bid 02/14/2004 03:58 PM
San Jose Mercury News Feb 14 2004 7:07PM GMT

Cingular wins bid for AT&T Wireless


Cingular wins bid for AT&T Wireless 02/17/2004 05:18 PM
The buyout was signed at about 2 a.m. today after a weekend of bidding and counterbidding between Cingular and Vodafone Group PLC, which pulled out of the discussions.

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AP - Shareholders of AT&T Wireless Services Inc. have approved Cingular Wireless LLC's $41 billion offer to buy the Redmond, Wash.-based company.

Cingular Wins AT&T Wireless for
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Cingular Wins AT&T Wireless for
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02/17/2004 04:36 AM
Reuters - Cingular (SBC.N) (BLS.N), the second-largest U.S. mobile phone company, has clinched AT&T Wireless (AWE.N), its smaller rival, after outbidding Vodafone Group Plc (VOD.L) with a $15-per-share offer, a source familiar with the situation told Reuters.

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02/17/2004 06:03 AM
Reuters - U.S. mobile phone operator Cingular Wireless on Tuesday won a battle to take over smaller rival AT&T Wireless after bidding $41 billion in cash and trumping cellphone titan Vodafone.

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JOEL JOHNSON -- Strange signals are afoot for Cingular and AT&T subscribers. CSU Monterey Bay student Jeremy Laskar writes:Not sure if this is coincidence or the beginning of signs of the merger, but here in Monterey (at college), my Nokia 3650 has been switching between no signal at all, Cingular...

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Reuters - U.S. mobile phone group Cingular Wireless on Tuesday won a fierce battle for smaller rival AT&T Wireless after bidding $41 billion in cash to trump cellphone titan Vodafone Group Plc.

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biz.yahoo.com/prnews/040803/cltu060_1.html
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Cingular wins AT&T Wireless
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02/18/2004 05:42 AM
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Cingular sets $41b deal for AT&T
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Cingular Wireless LLC said Tuesday it has agreed to buy AT&T Wireless Services Inc. for around $41 billion, or $15 per share.

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Reuters - U.S. wireless service providers on Tuesday revealed a mixed bag for the first quarter with Sprint PCS (PCS.N) and Cingular Wireless reporting strong customer growth as AT&T Wireless (AWE.N) lost subscribers.

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Cingular looks for killer blow in battle
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02/16/2004 12:10 PM
AFP - America's Cingular Wireless, looking for the killer blow to knock Vodafone out of a bidding war for AT and T Wireless, raised its offer to 38 billion dollars, sources said.
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Cingular Snags AT&T Wireless

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