FCC OKs Cingular, AT&amp;T Wireless Merger
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Now that the purchase of AT&amp;T Wireless is complete, Cingular Wireless&#39; new status as the nation&#39;s biggest cell phone provider may prove fleeting if the merged company doesn&#39;t move quickly.
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Federal regulators approved the $41 billion purchase of AT&amp;T Wireless by Cingular Wireless, a crucial step in a merger that will create the nation&#39;s largest cellphone company.
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Following approval from two U.S. government agencies, Cingular Wireless LLC has completed the $41 billion acquisition of AT&T Wireless Services Inc., creating the nation's largest wireless carrier.
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The Justice Department yesterday approved the $41 billion merger of Cingular Wireless LLC and AT&amp;T Wireless Services Inc., requiring the combined company to sell off some assets in 11 states in order to satisfy antitrust concerns.
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Cingular Wireless said it has completed its previously announced merger with AT&amp;T Wireless Services Inc., creating the US&#39;s biggest wireless carrier with the largest digital voice and data network in the country.
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A majority of the U.S. Federal  Communications Commission has voted to conditionally approve  Cingular Wireless' proposed acquisition of AT&T Wireless  Services Inc., a source familiar with the matter said on  Wednesday.
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The U.S. Federal Communications Commission said on Tuesday it has conditionally approved Cingular Wireless' &#36;41 billion cash acquisition of AT&T Wireless Services Inc. , clearing the last big hurdle for the deal.
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Change is coming for AT&T Wireless's 21.7 million customers -- although they wouldn't know it from watching the company's commercials or shopping in its stores. The cell phone provider is expected to complete its $41 billion merger with Cingular Wireless within weeks.  -The Washington Post
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The U.S. Federal Communications Commission has approved the purchase by AT&amp;T of 12MHz of wireless spectrum that covers 60 percent of the U.S.AT&amp;T bought the spectrum from Aloha Spectrum Holdings. The spectrum, in the highly coveted 700MHz band, covers 196 million of the 303 million U.S. residents and includes 72 of the top 100 media markets in the country. Aloha acquired the spectrum in earlier FCC auctions and from other auction winners. This portion of the 700MHz spectrum is not part of the&#160;FCC auction&#160;now in progress.The FCC, in an order issued Monday, approved the sale despite concerns expressed by the commission&#39;s two Democratic members. AT&amp;T announced in October that it intended to buy the spectrum for $2.5 billion. The company said then it planned to use the spectrum for broadcast video or for two-way communications such as voice, data or multicast content.The 700MHz spectrum band carries wireless signals three to four times farther than some higher spectrum bands, making it optimal for long-range broadband networks.Commissioner Jonathan Adelstein said he voted to approve the deal because of a lack of public opposition, but he had concerns about the FCC&#39;s review of the deal.The agency&#39;s review &quot;lacks both substance and analysis in its review of whether, on balance, the transaction serves the public&#39;s interest,&quot; Adelstein said in a statement. &quot;We are required to do more than simply conclude that a transaction benefits the public and will not have an adverse effect on competition. I would have preferred to see a more thorough assessment weighing the potential public interest harms and benefits of this transaction and its impact on the mobile telephony market.&quot;Commissioner Michael Copps voted against the deal. The deal could have a large impact on a mobile voice and data market &quot;that has seen round after round of consolidation in recent years,&quot; he said in a statement.Copps also raised concerns about the FCC&#39;s review of the deal. The review &quot;contains only an extremely abbreviated analysis of the competitive effects of this change in ownership,&quot; he said.AT&amp;T, in a statement, said it was pleased with the FCC&#39;s decision. The deal will help AT&amp;T meet growing customer demand for wireless services, the company said.
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The Justice Department reached a settlement agreement yesterday allowing Cingular Wireless to buy AT&amp;T Wireless and create the nation&#39;s largest cell phone company.
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The US Federal Communications Commission (FCC) on Tuesday approved Cingular Wireless&#39; 41-billion-US dollar acquisition of AT&amp;T Wireless Services Inc.
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Cingular said it closed its &#36;41 billion purchase AT&amp;T Wireless on Tuesday. Cingular received approval for the deal earlier in the day from the Federal Communications Commission. The Department of Justice approved the acquisition on Monday.
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Cingular Wireless is set to receive final approval from the Department of  Justice for its &#36;41 billion purchase of AT&T Wireless. One condition the Justice  Department reportedly is going to set is that Cingular must sell off  wireless  airwave assets in 16-24 markets for competitive reasons.
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WASHINGTON, Oct 26  - Cingular Wireless Corp. announced Tuesday it had completed a 41-billion-dollar takeover of AT and T Wireless after winning final clearance from US regulators.
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A final decision by the US Federal Communications Commission on Cingular Wireless&#39; proposed purchase of AT&amp;T Wireless Services Inc.
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Federal Communications Commission Chairman Michael Powell yesterday unofficially recommended that the agency approve Cingular Wireless&#39; proposed $41 billion purchase of Redmond&#39;s AT&amp;T Wireless.
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Here are answers to some questions arising from the closing of Cingular Wireless&#39; acquisition of AT&amp;T Wireless. Q: With the merger, how will the combined company rank in the industry?