Cingular, Vodafone Vie for AT&T Wireless
Feb 16, 2004, 10:32 AM by (staff)
Cingular Wireless and Vodafone both submitted $35 billion bids to buy AT&T Wireless by Friday's deadline. Nextel and NTT DoCoMo declined to participate, making the event a two-horse race. The bidding continued over the weekend, with both companies raising their bids to an estimated $38 billion on Sunday. Negotiations continue. AT&T Wireless has given itself two weeks to choose a buyer, although sources say an announcement could come sooner.
Comments
Poll: vodafone or cingular which one do you want?
if vodafone gets it there will be ugly labels all over there phones
This industry needs consolidation. Six national carriers is just insanity. If Cingular buys AT&T, having one less national carrier to compete against helps everyone, including the new company.
Plus, they would be able to combine networ...
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better gsm service for at&t customers?
Of course, it will get better anyway, since AT&T's GSM network is new and still relatively unoptimized. Even if no merger happens, you can count on noticeable GSM network improvements over the next couple of year...
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Geaux Cingular!