Monday, February 23, 2004
Cingular/AT&T Deal: Is Verizon the Real Winner?
Posted by David McNamee in "NEWS" @ 02:30 PM
http://www.businessweek.com/magazine/content/04_09/b3872045.htm
Business Week seems to think that Verizon could be the big winner of Cingular's purchase of AT&T Wireless. By jumping in at the last minute, Verizon Wireless partner Vodafone helped to increase Cingular's purchase price of AT&T Wireless. Add to this the cost of integrating the two networks and the nine months expected to complete the transaction and Verizon looks like it could be in good shape to build upon its current standing as the top U.S. cellular service provider. It could also drag Cingular's parents, BellSouth and SBC into the mess, helping Verizon out in its land line business.
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