Cingular's Parents to Merge: AT&T to buy BellSouth (MobileBurn)

Cingular's Parents to Merge: AT&T to buy BellSouth (MobileBurn): Cingular's Parents to Merge: AT&T to buy BellSouth

News by Michael Oryl (editor) on Sunday March 05, 2006.

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According to the Wall Street Journal, US telecom firm AT&T (formerly SBC) is planning to purchase BellSouth. AT&T and BellSouth are the co-owners of Cingular, the largest wireless carrier in the United States. The deal is supposedly worth US$65 Billion, and would create a company that is 50% larger than Verizon (majority owner of Verizon Wireless).

AT&T had said in the past that it did not plan on changing Cingular's name to AT&T, but we'll see if that holds true now that Cingular will be 100% owned by the company.