Topic summary

AT&T Wireless

AT&T Wireless

Extracted from the Wikipedia article AT&T Mobility.

AT&T Wireless merger

In February 2004, after a bidding war with Britain's Vodafone Plc (at the time a part-owner of Verizon Wireless), Cingular announced that it would purchase its struggling competitor, AT&T Wireless Services, for $41 billion. This was more than twice the company's trading value.