AT&T Completes Centennial Acquisition
Nov 6, 2009, 9:08 AM by Eric M. Zeman
Today AT&T announced that it has fully acquired Centennial Communications. By purchasing the rural wireless provider, AT&T has bolstered its coverage footprint in the Midwest and Southeast United States (specifically, Indiana, Louisiana, Michigan, Ohio and Texas), and in Puerto Rico and the U.S. Virgin Islands. AT&T will integrate Centennial's products and services into its own, and will begin transitioning Centennial retail outlets to AT&T outlets as soon as possible. AT&T said that it will be providing 3G coverage in approximately 200 of Centennial's markets, and Centennial's subscribers will be able to take advantage of AT&T's services immediately. In order to gain approval for the transaction, AT&T had to agree to divest eight markets (five of them to Verizon Wireless). The total cost of the transaction is valued at $2.7 billion.
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