Cingular Buys ATT Wireless for $41 Billion

[DudeAsInCool]

Cingular's $41 Billion Offer Wins Bidding for AT&T Wireless

By ANDREW ROSS SORKIN

Published: February 17, 2004

Cingular Wireless, the second-largest wireless telephone operator in the United States, made a stunning $41 billion last-minute bid early today to win the auction for AT&T Wireless. The deal would reshape the ferociously competitive mobile telephone market and create the largest United States wireless carrier.

The outcome is a dramatic turn of events because it had appeared late on Monday night that AT&T Wireless, the third-largest wireless operator in the United States, had all but clinched a deal with the Vodafone Group of Britain. Vodafone indicated on Monday evening that it was willing to raise its $38 billion bid to nearly $40 billion and had scheduled a meeting of its board for this morning to approve the new offer.

http://www.nytimes.com/2004/02/17/business...ND-WIRE.html?hp

[Guest .::BeatFactory::.]

I like the sound of this... hopefully the merger won't take too long.

[Pebbles100]

Oops. There goes Verizon as the largest carrier.

[DudeAsInCool]

Cool avatar, Pebbles dudeasincool-'