Approval to Buy AT&T Wireless May Come Soon

The Justice Department and Federal Communications Commission are getting close to approving Cingular Wireless' $41 billion buyout of AT&T Wireless Services Inc., creating the nation's largest cellphone company. Even with some divestitures, "I don't know how you repair the pro...

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Bibliographic Details
Published inThe Wall Street journal. Eastern edition
Main Author Anne Marie Squeo and John R. Wilke
Format Newspaper Article
LanguageEnglish
Published New York, N.Y Dow Jones & Company Inc 05.10.2004
EditionEastern edition
Subjects
Acquisitions & mergers
Federal regulation
Regulatory approval
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Summary:The Justice Department and Federal Communications Commission are getting close to approving Cingular Wireless' $41 billion buyout of AT&T Wireless Services Inc., creating the nation's largest cellphone company. Even with some divestitures, "I don't know how you repair the problem when it's so pervasive," said Mark Cooper, research director for Consumers Union, a nonprofit advocacy group. "In at least a dozen markets, AT&T is the No. 2 supplier" after BellSouth or SBC, he said. "That gives them huge market share if they let this merger go forward."
ISSN:0099-9660