Cingular Merger Final
Oct 26, 2004, 12:06 PM by (staff)
Cingular today announced that its planned acquisition of AT&T Wireless was executed this morning, officially creating the new largest wireless carrier in the country, with 46 million customers. The deal has received all necessary government approval. As a first step for customers, Cingular will now start opening access to both GSM networks to all customers without roaming charges, and allow unlimited mobile-to-mobile calls to any Cingular or AT&T Wireless customer. Customers of both companies will be able to continue using their current phones, rate plans and features, without any interruption. Cingular will soon start communicating additional transition information to customers through advertising and direct communications channels. The company will continue to be headquartered in Atlanta, and the new executive team was also announced today. As a condition of FCC approval of the deal, Cingular has agreed to divest certain AT&T Wireless assets in Oklahoma, Texas, Kentucky, Arkansas, Connecticut, Mississippi, and Missouri, as well as some excess spectrum in Dallas and Detroit. The company is also limited to a maximum of 70 MHz of radio spectrum total in any one market.
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