AT&T response to FCC approval of McCaw Cellular merger
BASKING RIDGE, N.J. -- September 19, 1994 -- AT&T today issued thw following response to the FCC's approval of the transfer of radio licenses from McCaw Cellular to AT&T, the last hurdle before completing the pending merger of the two companies:
"With the FCC's approval, AT&T and McCaw have crossed the finish line of a marathon approval process that began when we announced our plans to merge 13 months ago.
"We will proceed with formally closing the merger once we have an opportunity to review the FCC's order. After that evaluation, we anticipate filing the appropriate documents to formally complete the merger as quickly as possible. We're ready to bring the merger's benefits to consumers, business customers and the cellular industry.
"Every government body that has reviewed the merger plan has concluded it is in the publc interest. Since AT&T and McCaw first announced our intentions more than a year ago, our plans have been reviewed by state and federal regulators, the U.S. Department of Justice, and federal judges in Washington and Brooklyn."