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Article: SBC/AT&T Merger Approved in New York; Action by New York Public Service Commission Adds Momentum to Merger Close Late This Year.
- Article from:
- Business Wire
- Article date:
- September 21, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN ANTONIO, Texas & BEDMINSTER, N.J. -- SBC Communications Inc. (NYSE: SBC) and AT&T (NYSE: T) today applauded the New York Public Service Commission for its decisive action in approving the merger of the two companies. The PSC decision completes the regulatory review process in a bedrock state for key AT&T business customers and keeps the companies on path to an anticipated close of the merger this year.
Post merger, the new company will combine the networks and complementary resources of the two companies to provide businesses and consumers with greater choice in communications services, bring new technologies to market faster and ensure continued U.S. ...