AT&T Centennial Buy Gets Antitrust Approval

The Justice Department has given AT&T the go-ahead to buy Centennial Communications. The only condition is that AT&T must sell assets in parts of Mississippi and Louisiana. That’s due to the chance customers in that area could be affected by higher prices and poor service quality that a loss of competition might cause. Several of the service areas within those two states are already slated to be sold to Verizon Wireless.

AT&T hopes the deal will close sometime in the fourth quarter.

So what’s AT&T getting? Centennial offers service in six states, as well as the Virgin Islands and Puerto Rico, making it the eighth largest wireless provider, with 1.1 million customers.

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