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Article: United States: ATandT completes acquisition: The telecom giant buys Centennial in a $2.7 billion deal.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: datta03
AT&T Inc., the nation's second largest wireless phone company, has completed its acquisition of New Jersey-based Centennial Communications Corp., enhancing its network coverage in the Midwest, Southeast, Puerto Rico and the U.S. Virgin Islands, company executives said Friday.
The $2.7 billion deal, which the companies announced earlier this year, will add 893,000 former Centennial wireless subscribers to AT&T's portfolio, bringing its total wireless customers to 82.5 million, second to Verizon Wireless' 87.7 million subscribers.
"The addition of Centennial will enhance AT&T's assets in wireless -- a strategic priority and one of ...