Cingular Wireless Reaches Agreement With U.S. Department of Justice to Allow AT&T Wireless Merger to Proceed
Atlanta, Georgia, October 25, 2004
Cingular Wireless LLC, a joint venture between SBC Communications Inc. (NYSE: SBC) and BellSouth Corp. (NYSE: BLS), today announced that it has reached an agreement with the U.S. Department of Justice that will allow the company's proposed acquisition of AT&T Wireless to proceed on schedule.
"Today's decision by the Department of Justice is an important step in the approval process," said Stan Sigman, president and CEO of Cingular Wireless. "We hope the merger process will continue to progress in an orderly and expeditious fashion. This merger will create a premiere provider that is very well equipped to meet the most demanding needs of wireless customers today and in the future."
Cingular officials continue to expect the transaction to close later this quarter.
The combined entity will have licenses to operate wireless service in 49 of 50 states, and will serve the top 100 metropolitan areas after the consummation of the merger and the recently announced deal with Triton PCS.
ABOUT CINGULAR WIRELESS
Cingular Wireless, a joint venture between SBC Communications (NYSE: SBC) and BellSouth (NYSE: BLS), serves more than 25 million voice and data customers across the United States. A leader in mobile voice and data communications, Cingular is the only U.S. wireless carrier to offer Rollover(SM), the wireless plan that lets customers keep their unused monthly minutes. Cingular is the largest provider of GSM services in the United States, and has a 100 percent digital GSM/GPRS footprint across its service area. It also launched the world's first commercial deployment of wireless services using Enhanced Data rates for GSM Evolution (EDGE) technology. Cingular also provides corporate e-mail and other advanced data services through its GPRS, EDGE and Mobitex packet data networks. Details of the company are available at http://www.cingular.com. Get Cingular Wireless press releases e-mailed to you automatically. Sign up at http://www.cingular.com/newsroom.