AT&T, Dobson to acquire American Cellular

Article Abstract:

AT&T Corp., along with Dobson Communications Corp., will acquire American Cellular Corp. for about $1.1 billion (1.02 billion euros) in cash. The move is an attempt by AT&T to expand its cellular telephone coverage. The acquisition will give AT&T with greater wireless network coverage in the Northeastern, Southeastern, and Midwestern US. Both Dobson and AT&T will fund the transaction with approximately $370 million each.

Cellular and Other Wireless Telecommunications, Mobile Radio Services, AT&T Corp., Wireless communications services, American Cellular Corp., Dobson Communications Corp.

---

MCI bid for Sprint comes under closer U.S. scrutiny

Article Abstract:

MCI WorldCom Inc. proposed $115 billion (111.5 million euros) bid for Sprint Corp. is being closely investigated by federal regulators in the US. The regulators want to see how the deal will affect residential and corporate long-distance customers.

Public affairs, Sprint Corp., MCI Inc.

---

Similar abstracts:

• Abstracts: Australian airports sale reaches A$4.1 billion. Sydney Airport goes tactical over Horizon. Hong Kong turns the corner
• Abstracts: Co-founders of Game PLC expected to gain $53.5 million in flotation. Harvey Nichols posts 17% gain in pretax profit
• Abstracts: United Video discloses bid for Gemstar. Scottish Power to acquire PacifiCorp in first foreign purchase of U.S. utility
• Abstracts: AT&T and BT make an $11 billion leap of faith in alliances. Price worries drive Sprint shares lower. SBC Communications to launch phone-service package in U.S
• Abstracts: BAA will spend $340.3 million to lift capacity at U.K. airport. BA shares sink on fall in passenger yield

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.