Cingular Completes Merger with AT&T Wireless
PRNewswire (10/26/2004 4:50 PM ET)

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STORY SUMMARY:

All required federal regulatory authorities, including the U.S. Department of Justice and the Federal Communications Commission, have approved the transaction. Under terms of the agreement, AT&T Wireless shareholders will receive $15 per common share or approximately $41 billion.

Cingular will now start opening access to both the Cingular and AT&T Wireless GSM networks to further improve coverage, allowing customers of both companies to use the new, combined network without roaming charges. Customers also will have the ability to make unlimited mobile-to-mobile calls to any Cingular or AT&T Wireless customer.

"It's a new day for wireless customers in America. We are committed to improving the wireless experience and giving customers the coverage, the phones, the capabilities and the call clarity they deserve," said Stan Sigman, president and CEO of Cingular.

Sigman continued: "We are working to make this transition as seamless as possible for customers of AT&T Wireless. They can continue using their existing phones and rate plans -- but, now have access to the largest digital voice and data network in the country. And it's only going to get better from here - as we add more capabilities and services our customers want."