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.
FCC Denies Dish $3.3 Billion in Auction Discounts
The FCC has officially and unanimously rejected Dish Network's $3.3 billion in AWS-3 spectrum auction discounts. Dish used three smaller companies, in which it owned an 85% stake each, to place bids on its behalf.
FCC Embraces New Auction Rules for Designated Entities
The FCC today formally adopted a Report and Order that makes changes to how small businesses participate in spectrum auctions. The changed rules are a response to Dish Networks' use of designated entities to place bids on its behalf in the AWS-3 auction earlier this year.
if cingular took over..~~