By Allen Tsai | Mon Mar 06, 2006 5:42 am |
AT&T announced an agreement to buy BellSouth for $67 billion. AT&T currently owns 60 percent of Cingular, the No. 1 wireless carrier, while BellSouth owns the remaining 40 percent. As part of the deal, AT&T would assume full control of Cingular.
The merger will streamline the ownership and operations of Cingular Wireless. The new company will be more innovative, nimble and efficient, providing benefits to customers by combining the Cingular, BellSouth and AT&T networks into a single fully integrated wireless and wireline Internet Protocol network offering a full range of advanced solutions.As a result, the combined company will be better able to speed the convergence of new and improved services for consumers and businesses, and embrace the industry's shift to Internet Protocol network-based technologies. The long-awaited deal would give the combined company a national long-distance telephone and data network, residential customers stretching from Florida to California and business customers comprising more than half of the Fortune 1000. AT&T expects the acquisition to save it $2 billion annually, partially from job cuts and combining the two work forces.
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Thu Jan 26, 2012 4:07 pm | By
AT&T posted a hefty fourth-quarter loss in the wake of its scrapped T-Mobile merger, as it strategizes to boost spectrum and reduce its iPhone dependence in the year ahead.
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Thu Jan 26, 2012 11:14 am | By
Nokia's Windows Phone-powered Lumia 900 will sell for $100 when it launches at AT&T later this year, according to reports, in a move that will raise the profiles of the maker and the OS.
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Tue Jan 24, 2012 11:21 am | By
AT&T will transfer $1 billion in spectrum to T-Mobile, bolstering its would-be partner after the failed merger attempt.
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Thu Jan 19, 2012 10:51 am | By
AT&T announced it is increasing the cost of its data plans, along with how much data its customers will receive, as the carrier adjusts to the changing needs of its users.
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