AT&T to buy BellSouth

It looks like the Wall Street Journal has posted an article stating that the US telecom giant AT&T, which used to be SBC, is now planning to purchase BellSouth. Since AT&T and BellSouth are the co-owners of Cingular, the largest wireless carrier in the United States, the resulting company will be fifty percent larger than Verizon, the majority owner of Verizon Wireless. The deal is being calculated out to be around $65 billion US. In the past AT&T has mentioned that it had no plans to change Cingular Wireless into AT&T, but now that Cingular will be owned by one company, that may change.

March 6th, 2006 Posted by David in News at 9:22 am Comment Now! »
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