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Top message:  at&t/cingular by cellconn   Jan 20, 2004, 4:02 PM

Replying to:  Re: at&t/cingular by cai   Jan 20, 2004, 4:10 PM

Re: at&t/cingular

by Gmoney34    Jan 20, 2004, 4:16 PM

Just saw this article at

Breaking News

Reports: Cingular makes formal AWS offer

by Dan Meyer
Jan. 20, 2004 12:31 PM EST

Cingular Wireless L.L.C. has reportedly made a formal offer to acquire rival AT&T Wireless Services Inc. in a move that if approved by AT&T Wireless’ board of directors, which is meeting this week ahead of the carrier’s fourth-quarter and year-end financial results announcement next week, would result in the creation of the country’s largest wireless carrier with approximately 45 million subscribers.

Published reports citing a source close to the deal noted Cingular’s offer was an all-cash proposal believed to be at a premium over AT&T Wireless’ current $10 per share trading price on the New York Stock Exchange, which gives the carrier an approximate market capitalization of $27 billion.

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