AT&T Wireless Officially For Sale
Jan 22, 2004, 9:28 AM by (staff)
AT&T Wireless today confirmed that it has received numerous takeover bids, and is seriously considering them. Official bids are said to have been received from Cingular and NTT Docomo, while Vodafone and Nextel are reportedly also interested. AT&T Wireless has retained financial and legal firms to assist with the process, although the company said today "there can be no assurance that any transaction will occur." The company also postponed its annual analyst meeting, to be rescheduled "at a later date as appropriate."
AWS-3 Spectrum Auction Over, Bids Total $44.89 Billion
The FCC today said Auction 97, which covered blocks of spectrum in the AWS-3 band, is now over. It received a final bid today for the 1695-1710MHz unpaired spectrum band just a day after it closed bids for the G, H, I, and J paired spectrum blocks.
AT&T Lines Up $9.2 Billion to Pay for Spectrum
AT&T has padded its balance sheet with cash as the AWS-3 spectrum auction winds down. The company has lined up loans and credit facilities totaling $9.2 billion.
Pantech Files for Bankruptcy In the US
Pantech's U.S. operations filed for Chapter 15 bankruptcy today, following similar legal moves in the company's home market of Korea.
AWS-3 Auction Slows as Bids Near $42 Billion
The FCC today made another change to how participants in the AWS-3 spectrum auction place their bids. Before round 68, interested parties had to make bids on 80% of the licenses for which they were eligible.
if cingular took over..~~