news

AT&T: Centennial Buy Wont Close Until At Least Q3

AT&T Inc. (T) said its acquisition of Centennial Communications (CYCL) will be pushed back to the third quarter – “assuming timely satisfaction or waiver of all remaining closing conditions,” that is.

The Justice Department and FCC both are scrutinizing the merger and with a change of federal leadership, AT&T probably won’t get the rubber-stamp approvals it grew accustomed to during the Bush years.

AT&T announced last November the $944 million purchase of Centennial, a mobile-services provider. The deal would add 1.1 million new customers to AT&T’s base and give AT&T 850MHz spectrum in a number of states.


Leave a comment

Your email address will not be published. Required fields are marked *

Polls

Which brand-new event at Channel Partners Evolution, Oct. 9-12, will you attend? (select up to two)

View Results

Loading ... Loading ...
The ID is: 79047