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Article: United States: FCC Approves AT&T Acquisition Of Centennial, With Conditions.
- Article from:
- TendersInfo
- Article date:
- November 7, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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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Byline: datta03
The Federal Communications Commission this week conditionally approved AT&T Inc.'s (T) $944 million acquisition of Centennial Communications Corp (CYCL).
The telecommunications companies say the merger will bring broader and faster wireless coverage to Centennial's customers in the Midwest, Southeast, Puerto Rico and the U.S. Virgin Islands and help deploy more broadband Internet access to rural parts of the country.
As part of a settlement with the Department of Justice, the companies will sell Centennial's wireless licenses and assets in eight areas in Louisiana and Mississippi. The licenses will be sold to one purchaser in ...