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ATT Close To Acquiring Bell South


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Reports: AT&T, BellSouth Near$65B Deal

AT&T is nearing a deal to acquire BellSouth Corp. for $65 billion, according to reports published Sunday.

The companies were expected to announce the terms of the deal as soon as Monday, according to reports in the Wall Street Journal and New York Times. Both papers cited unidentified sources, due to the sensitivity of the negotiations.

http://www.breitbart.com/news/2006/03/05/D8G5ESM00.html

I hate ATT and hope they drown in debt

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Guest .::BeatFactory::.

so are they going back to the old monopoly AT&T had before the government stepped in and broke them up to be the baby bells? ... sooner or later something will be said about this.

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Joe, you have it backwards. AT&T was going broke, their stock price had lost most of it's value. SBC bought them out and decided the AT&T name had more going for it than the SBC name in the minds of people all across the country. They then adopted the AT&T name.

Our phone and dsl are still with SBC. They just changed the name to AT&T.

Relax! We're still screwed. :lol:

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If you say so. Personally, I wasn't aware that you 2 were experts in the field of Cheney's ass much less "big, bloated tick on Dead-Eye Dick Cheney's ass". :lol:

Y'all need to get out more. :bigsmile:

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Huge Phone Deal Seeks to Thwart Smaller Rivals

The AT&T Corporation, in announcing plans yesterday to buy BellSouth Corporation for $67 billion after months of speculation, took the offensive against low-cost rivals in the free-for-all for phone, wireless and television customers.

With cable providers and technology companies entering the phone business, the former Baby Bells starting to sell television programming and more and more services available on mobile phones and on the Internet, companies like AT&T are trying to bulk up and turn themselves into one-stop shops for all communications needs.

http://nytimes.com/2006/03/06/business/06p...artner=homepage

I hope the small companies watch them choke to death. Long live Vonage, Skype, etc

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Joint AT&T-BellSouth Might Cut 10,000 Jobs

NEW YORK - AT&T Inc. plans to cut up to 10,000 jobs, mostly through attrition, if its $67 billion purchase of BellSouth Corp. goes through, AT&T's chief financial officer said Monday.

The work force reduction would take place over three years, AT&T's Rick Lindner said on a conference call. The acquisition is expected to close next year, pending approval from shareholders and regulators.

http://news.yahoo.com/s/ap/at_t_bellsouth;...zkxBHNlYwN0bQ--

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"This deal is all about wireless, market share and brand," said Richard Nespola, the chairman and president of the Management Network Group, a telecommunications consultant. "AT&T recognizes that it needs full control of Cingular to have a seamless brand and a standardized product."

http://www.nytimes.com/2006/03/07/business/07phone.html

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