Total : 4,915 View more »
San Francisco, CA - Isabella Products said Thursday that AT&T will supply wireless network service for Isabella's Vizit two-way interactive digital photo frame.
http://www.twice.com/article/383008-Vizit_Frame_Adds_AT_T_Cell_Connection.php?rssid=20310
Health video company HealthiNation is making its videos available to AT&T U-Verse TV subscribers for free in the U-verse TV On Demand library.
Says report, citing Taiwan component sources. Makes a lot of sense for Apple.
http://www.businessinsider.com/iphone-for-verizon-in-2010-2009-11
I know some of you will look at this question and say - AT&T is still around, I keeping seeing ads for all sorts of AT&T stuff. Isn’t it the largest cellular carrier?
Total : 504 View more »
ATLANTA, Nov 08, 2009 /PRNewswire-FirstCall via COMTEX/ --
Four nominees for the AT&T All-America Player of the Week award have been announced after the tenth week of college football action, and AT&T* is relying on fans to determine who rules the gridiron.
Based on outstanding performances over the weekend, University of Cincinnati quarterback Zach Collaros, Stanford University running back Toby Gerhart, Ohio State University defensive end Cameron Heyward and University of Texas wide receiver Jordan Shipley have been selected by a panel of analysts from ESPN as this week's top candidates. Fans can text message** VOTE to 345345 on their wireless phone to opt in for the chance to vote.
Collaros passed for 480 yards, the second-best passing performance in school history, and scored three touchdowns in the Bearcats' victory over Connecticut. Gerhart rushed for a school-record 223 yards and three touchdowns in the Cardinal's upset over No. 8 Oregon. Heyward had 11 tackles, three fumbles and two sacks in the Buckeyes' win at Penn State. Shipley had 11 receptions for a school-record 273 yards and a touchdown in the Longhorns' win over Central Florida.
"AT&T is excited to see who the fans will choose this week as the AT&T All-America Player of the Week," said Tim McGhee, executive director, AT&T corporate sponsorships. "Each player had an outstanding game, but the fans will be the ones deciding who is crowned the best."
Fans have until 11:59 p.m. ET on Wednesday to submit their votes. The winner will be announced during Thursday's ESPN College Football Primetime Presented by Applebee's. Standard text messaging rates apply.
There is no limit on fan voting and each vote counts as one entry into a sweepstakes to win a trip to the 2010 Bowl Championship Series National Championship game in Pasadena, Calif. Full sweepstakes rules can be found at www.espnallamerica.com/rules.aspx.
In December, four finalists for the AT&T All-America Player of the Year Award will be announced during a one-hour special on ESPN in conjunction with the announcement of the AT&T ESPN All-America Team as selected by the Football Writers Association of America. Fans will then get a chance to say who the best player in the nation is by voting for the AT&T All-America Player of the Year through the BCS. Voting ends at 11:59 p.m. ET on Jan. 5, and the winner will be announced during the BCS National Championship game on ABC on Jan. 7.
Additionally, AT&T customers can view video highlights and photos of each week's candidates and track select teams through AT&T's wireless NCAA Football Portal, which is accessible on AT&T handsets equipped with AT&T MEdia(TM) Net by launching the application and clicking through to the sports category.
Through the AT&T MEdia Net, fans can also download fight song ringtones from more than 150 college and universities. Animated screensavers and 3-D mobile wallpaper are available for more than 100 college and universities.
For more information about AT&T products and services, visit www.att.com.
AT&T CV requires a MEdia Max Unlimited or MEdia Net Unlimited bundle. Details on AT&T's MEdia Net bundles and other offers are available at http://www.att.com/wireless.
AT&T is a proud sponsor of the 2010 BCS National Championship game sweepstakes. For more information regarding rules and entry, please visit: www.espnallamerica.com/rules.aspx.
About AT&T
AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T |DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T's Yellow Pages and YELLOWPAGES.COM organizations are known for their leadership in directory publishing and advertising sales. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE((R)) magazine's list of the World's Most Admired Companies.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATTNews. Find us on Facebook at www.Facebook.com/ATT to discover more about our consumer and wireless services or at www.facebook.com/ATTSmallBiz to discover more about our small business services.
A(C) 2009 AT&T Intellectual Property. All rights reserved. 3G service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
SOURCE AT&T Inc.
http://www.att.com
Tags: advertising business california college college football communications connecticut consumer corporate executive football internet jordan magazine media ncaa nyse ohio oregon pennsylvania products property publishing rates sales small business texas track tv university video wireless wisconsin
Companies: AT&T Corp. (T)
DALLAS, Nov 06, 2009 (BUSINESS WIRE) --
AT&T* today announced that it has completed its acquisition of Centennial Communications Corp. (Nasdaq:CYCL). The acquisition enhances AT&T's network coverage across the Midwest and Southeast United States and in Puerto Rico and the U.S. Virgin Islands.
The combination of the two companies' wireless networks will allow AT&T to deliver broader wireless coverage, including to approximately 893,000 former Centennial wireless subscribers.(1) With the addition of Centennial, AT&T also expands its wired network coverage to Puerto Rico, enhancing service for its business customers with operations there.
"The addition of Centennial will enhance AT&T's assets in wireless -- a strategic priority and one of our biggest growth drivers -- and service for customers of both companies," said Ralph de la Vega, president and chief executive officer of AT&T Mobility and Consumer Markets. "We're excited to give Centennial wireless subscribers access to the nation's fastest 3G network plus our premier lineup of smartphones and unmatched portfolio of applications and services.
"We'll also improve network reliability for our wireless subscribers who will be able to make on-network calls in the Centennial footprint," said de la Vega. "And as Centennial's broadband network in Puerto Rico is integrated with AT&T's extensive global network and advanced service offerings, we'll offer corporations that operate in Puerto Rico the benefits of end-to-end service over a single network."
Integration Plans
AT&T plans to integrate Centennial's networks and products with AT&T's networks and product portfolio. The transaction extends AT&T's wireless network coverage in primarily rural areas of Indiana, Louisiana, Michigan, Ohio and Texas as well as enhances coverage in Puerto Rico and the U.S. Virgin Islands.
In the mainland U.S., AT&T will move quickly to rebrand Centennial as AT&T and to make AT&T's innovative products and services available to Centennial's customers.(2) By late January 2010, AT&T products and services will be available at more than 100 Centennial retail locations. Within the same timeframe, AT&T signage will be installed in all Centennial locations. Former Centennial wireless subscribers may keep their existing rate plans, but they will also have the opportunity to migrate to AT&T rate plans without activation or upgrade fees. Existing AT&T customer contracts will not change.
In Puerto Rico, the Centennial brand will continue through mid-2010. AT&T will honor the current rate plans and contracts of Centennial wireless subscribers. AT&T expects to make the full portfolio of AT&T products and services available in Centennial locations in Puerto Rico in the third quarter of 2010. At that point, Centennial customers will have the opportunity to migrate to AT&T rate plans without activation or upgrade fees. Existing AT&T customer contracts in Puerto Rico will not change.
To provide the best experience possible for Centennial customers who choose to migrate to AT&T service, prior to the transition, AT&T plans to deploy 3G at more than 200 sites in Centennial's markets. This deployment plan includes adding 3G capabilities at more than 100 sites and expanding 3G coverage and capacity at approximately 100 sites.
Centennial customers who choose AT&T plans will enjoy significant benefits as they join the AT&T network. AT&T offers the best wireless coverage worldwide, with more phones working in more places; more applications running over its network; and access to the nation's fastest 3G network, which will get even faster as AT&T rolls out HSPA 7.2 technology in advance of its deployment of 4G LTE service. And unlike other wireless networks, AT&T's network enables subscribers to talk and e-mail or surf the Web at the same time -- one of the reasons, along with the industry's leading lineup of devices, that significantly more smartphone users have chosen AT&T over other wireless carriers. Centennial customers who choose select smartphones and LaptopConnect cards will have access to AT&T's Wi-Fi hot spot network, the largest in the U.S. with more than 20,000 hot spots, at no additional charge. AT&T will also offer Centennial subscribers Rollover(R) Minutes, a feature exclusive to AT&T, as well as a mobile-to-mobile calling community of nearly 82 million(3) members.
Centennial's wired network assets in Puerto Rico will also allow AT&T to better serve business customers with a presence in Puerto Rico. AT&T will continue to provide switched voice, high-capacity data and Internet Protocol solutions for business customers in Puerto Rico. Existing Centennial customers will now have access to new technologies, to AT&T's innovative products and to both wireline and wireless services from AT&T.
Merger Synergies and Financials
The acquisition of Centennial will provide AT&T opportunities for synergies in areas such as corporate functions, advertising, customer care and network operations. AT&T expects upfront integration costs will result in minimal dilution to EPS and cash flow in 2009. As previously announced, Centennial stockholders will receive $8.50 per share in cash. Including net debt, the transaction is valued at $2.7 billion. AT&T will take prompt actions to redeem all of Centennial's outstanding debt under its indentures and credit agreement.
Regulatory Approval Process
AT&T's acquisition of Centennial has been reviewed and approved by the Federal Communications Commission (FCC). Pursuant to a consent decree, the U.S. Department of Justice (DOJ) and the Attorney General of the State of Louisiana have agreed to permit the merger to close.
As a result of the FCC and DOJ review processes, AT&T agreed to divest operations in eight service areas: Alexandria, La., Lafayette, La., LA-3 (DeSoto), LA-5 (Beauregard), LA-6 (Iberville), LA-7 (West Feliciana), MS-8 (Claiborne) and MS-9 (Copiah). Per the terms of a definitive agreement signed in May 2009, AT&T has agreed to divest to Verizon Wireless five of the Centennial service areas covered under the DOJ ruling. These five service areas are Lafayette, La., LA-5 (Beauregard), LA-6 (Iberville), LA-7 (West Feliciana) and MS-8 (Claiborne). AT&T now expects that this transaction will close in the first quarter of 2010, once the companies obtain regulatory approvals. AT&T also has a definitive agreement with Verizon Wireless to acquire wireless properties Verizon Wireless is divesting as a result of its acquisition of Alltel. That transaction is also subject to regulatory approvals and is expected to close in the fourth quarter of 2009.
To secure FCC approval of the transaction, AT&T committed to honor agreements for roaming on Centennial's network. AT&T will honor existing roaming agreements with other carriers for the life of the contract -- or, for carriers with fewer than 10 million subscribers, will maintain the roaming agreement for at least four years or the full term of the agreement with Centennial, whichever is longer. AT&T also agreed to certain measures restricting the flow of competitive information between AT&T and America Movil. AT&T is a minority shareholder in America Movil, which also provides telecommunications services in Puerto Rico.
(1) Centennial subscriber figure represents the subscriber base after divestitures of Centennial operations in eight service areas: Alexandria, La., Lafayette, La., LA-3 (DeSoto), LA-5 (Beauregard), LA-6 (Iberville), LA-7 (West Feliciana), MS-8 (Claiborne) and MS-9 (Copiah).
(2) Any discussion of integration of Centennial into AT&T's operations excludes the eight service areas to be divested.
(3 )Mobile-to-mobile calling community includes the addition of Centennial subscribers.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE(R) magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.
(C) 2009 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Note: This AT&T news release and other announcements are available as part of an RSS feed at www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
SOURCE: AT&T Inc.
AT&T Inc. McCall Butler, 212-453-2354 Mobile: 917-209-5792 E-mail: mbutler@attnews.us
Tags: acquisition advertising bandwidth business ceo communications community consumer corporate debt e-mail entertainment eps indiana internet louisiana magazine merger michigan nasdaq note nyse ohio president products property publishing puerto rico retail sales technology telecommunications texas tv united states virgin islands wireless wireline wisconsin
Companies: AT&T Corp. (T), Centennial Communications Corp. (CYCL)
Nov 06, 2009 (M2 PRESSWIRE via COMTEX) --
Picksthatmove.com Alerts include AT&T Inc. (NYSE:T); Mindray Medical International Limited (NYSE: MR); Thomson (NYSE: TMS); Edison International (NYSE: EIX); Scientific Corporation (NYSE: BSX) and TELUS Corporation (NYSE: TU)
-- November 06, 2009 AT&T Inc. (NYSE:T)at $25.88 on a volume of 4.73M shares
In a press release on November 06, AT&T Completes Acquisition of Centennial Communications
Acquisition Enhances AT&T's Wireless Network Coverage in Rural Areas, Service for Businesses Operating in Puerto Rico
DALLAS, Nov 06, 2009 AT&T* today announced that it has completed its acquisition of Centennial Communications Corp. (Nasdaq:CYCL). The acquisition enhances AT&T's network coverage across the Midwest and Southeast United States and in Puerto Rico and the U.S. Virgin Islands. The combination of the two companies' wireless networks will allow AT&T to deliver broader wireless coverage, including to approximately 893,000 former Centennial wireless subscribers. With the addition of Centennial, AT&T also expands its wired network coverage to Puerto Rico, enhancing service for its business customers with operations there.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE(R) magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.
-- November 06, 2009 Mindray Medical International Limited (NYSE: MR) trading at $32.54 on a volume of 85,910 shares
In a press release on November 06, Mindray Medical to Exhibit at MEDICA 2009 in Dusseldorf, Germany
SHENZHEN, China, Nov 06, 2009 Mindray Medical International Limited (NYSE: MR), a leading developer, manufacturer and marketer of medical devices worldwide, today announced that it will attend the MEDICA 2009 41st World Forum of Medicine International Trade Fair with Congress in Dusseldorf, Germany from November 18-21, 2009. Mindray will exhibit more than 40 devices from its three core product segments: patient monitoring & life support products, in-vitro diagnostic products and medical imaging systems.
Mindray will also present demonstration units of six new products for 2009, including a surgical bed, surgical light, ceiling pendent system, WATO EX 30 anesthesia machine, BC-5800 hematology analyzer, and the DC-7 color ultrasound system. Mindray will also present a demonstration unit of the M-7 laptop-size color ultrasound system, a new product beyond 2009.
About Mindray
Mindray Medical International Limited (Mindray) is a developer, manufacturer and marketer of medical devices. The Company offers a range of products across its three primary business segments: patient monitoring and life support products, in-vitro diagnostic products and medical imaging systems. It sells its products primarily to distributors, and the balance directly to hospitals, clinics, government agencies, original design manufacturer (ODM) customers and original equipment manufacturer (OEM) customers. Outside China the Company sells its products through distributors and its direct sales personnel. In May 2008, the Company completed the acquisition of the patient monitoring business of Datascope Corp.
-- November 06, 2009 Thomson (NYSE: TMS) trading at $1.47 on a volume of 23,200 shares.
In a press release out on November 06, Thomson Partners with SIMtone to Provide Operators with Seamless Mobile Home Computing and Entertainment Solutions
PARIS & DURHAM, N.C., Nov 06, 2009 Thomson (Euronext Paris: 18453; NYSE: TMS), a worldwide leader of services to content creators, and SIMtone Corporation, a privately held company delivering the first Universal Computing platform, today announced a partnership to deliver Home-mobility Computing and Entertainment products and services for consumers.
Thomson is undertaking development of solutions that use SIMtone's Universal Cloud Computing Platform to offer operators and service providers with a broad range of plug-and-play home-mobility computing, TV and entertainment integrated solutions.
About Thomson
Thomson SA provides a range of video (and enabling) technologies, systems, finished products and services to Media & Entertainment (M&E) industry. As of December 31, 2008, Thomson's activities were organized into three divisions: Technicolor (formerly Services), Thomson Grass Valley (formerly Systems and as of January 1, 2009, Thomson Connect) and Technology, and two additional segments: Corporate and Other. The Technicolor division offers end-to-end management of video-related services for its customers in the M&E industries. Thomson Grass Valley division supplies hardware and software technology for the M&E industry in the areas of production, delivery, management, transmission, and access. Technology division includes activities, such as corporate research, licensing of patents and trademarks, and software and technology Solutions.
-- November 06, 2009 Edison International (NYSE: EIX) last at $32.50 a volume of 703,107 shares
In a press release out on November 06, Edison International Reports Third Quarter 2009 Results
ROSEMEAD, Calif., Nov 06, 2009 Edison International (NYSE: EIX) today reported third quarter 2009 GAAP earnings of $1.23 per share, compared to $1.33 per share in the same quarter last year. Third quarter 2009 core earnings were $1.09 per share compared to $1.46 per share in the third quarter 2008. The decline is largely attributable to lower earnings at Edison Mission Group (EMG), partially offset by higher operating results at Southern California Edison (SCE). Core earnings exclude discontinued operations and other non-core items as discussed below.
About Edison International
Edison International is engaged in the business of becoming the parent holding company of Southern California Edison Company (SCE), a California public utility corporation, and of nonutility companies. The principal nonutility companies are Edison Mission Energy (EME), which is an independent power producer engaged in the business of developing, acquiring, owning or leasing, and selling energy and capacity from independent power production facilities and also conducts hedging and energy trading activities in power markets open to competition; and Edison Capital, which has investments in energy and infrastructure projects globally and in affordable housing projects located throughout the United States. The Company operates in three business segments: an electric utility operation segment (SCE), a nonutility power generation segment (EME), and a financial services provider segment (Edison Capital).
-- November 06, 2009 Scientific Corporation (NYSE: BSX) last at $8.21 on a volume of 7.96M shares
In a press release out on November 06, Boston Scientific Announces Agreement With DOJ On Pre-Acquisition Investigation of Guidant
Company updates third quarter financial results and full-year 2009 guidance
NATICK, Mass., Nov 06, 2009 Boston Scientific Corporation (NYSE: BSX) today announced that it has reached an agreement in principle with the U.S. Department of Justice (DOJ) related to product advisories issued by its Guidant subsidiary in 2005. The alleged conduct and product sales occurred prior to Boston Scientific's 2006 acquisition of Guidant.
Boston Scientific had previously disclosed an investigation by the U.S. Attorney's Office in Minneapolis into alleged violations of the Food, Drug, and Cosmetic Act by Guidant. Under the terms of the agreement, Guidant will plead to two misdemeanor charges related to failure to include information in reports to the U.S. Food and Drug Administration (FDA), and Boston Scientific will pay $296 million on behalf of Guidant.
About Boston Scientific
Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a broad range of interventional medical specialties. For more information, please visit: www.bostonscientific.com.
-- November 06, 2009 TELUS Corporation (NYSE: TU) trading at $29.60 on a volume of 57,492 shares
In a press release out on November 06, TELUS Corporation - Notice of cash dividend
CALGARY, Nov. 6, 2009 NOTICE IS HEREBY GIVEN that the Board of Directors has declared a quarterly dividend of forty-seven and one half cents ($0.475) Canadian per share on the issued and outstanding Common shares and forty-seven and one half cents ($0.475) Canadian per share on the issued and outstanding Non-Voting shares of the Company payable on January 4, 2010 to holders of record at the close of business on December 11, 2009.
About TELUS Corporation
TELUS Corporation (NYSE: TU) is a telecommunications company, providing a range of telecommunications products and services. The Company is the incumbent telecommunications service provider in western Canada and provides data, Internet protocol, voice and wireless services to Central and Eastern Canada. As of December 31, 2008, the Company's principal subsidiary was wholly owned TELUS Communications Inc. (TCI). The Company's segments are Wireline and Wireless. In January 2008, TELUS completed the acquisition of Emergis Inc. On January 29, 2008, TELUS also made a small acquisition of privately held Fastvibe Corporation, a provider of Web-streaming solutions. In September 2009, the Company acquired Black's Photo Corporation, an imaging and digital retailer based in Canada.
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Tags: acquisition advertising advisor broker business calgary california canada china communications congress corporate dealer dividend earnings electric utility e-mail energy entertainment fda financial results financial services gaap germany government hardware housing International trade internet investigation investment investment opinion leasing magazine manufacturer media medical medicine nasdaq new product nyse paris partnership products profit public utility publishing puerto rico research sales science small cap software technology telecommunications tv united states video virgin islands web wireless wireline
Companies: AT&T Corp. (T), Boston Scientific Corp. (BSX), Edison International, Inc. (EIX), Mindray Medical International Ltd (MR), TELUS Corp. (TU), Thomson Multimedia S.A. (TMS)
Nov 06, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
AT&T, Inc., a telecommunication services company, has acquired Centennial Communications Corp., a provider of wireless and wired communications services. Both the companies are based in the US.
Update on October 13, 2009:
AT&T has received clearance from the Department of Justice to acquire Centennial.
The Department has entered into a consent decree with AT&T and Centennial that allows the acquisition to proceed, while requiring that AT&T divest Centennial's operations in eight service areas in Louisiana and Mississippi. The eight service areas are Alexandria, La., Lafayette, La., LA-3 (DeSoto), LA-5 (Beauregard), LA-6 (Iberville), LA-7 (West Feliciana), MS-8 (Claiborne) and MS-9 (Copiah).
Update on February 24, 2009:
The shareholders of Centennial have approved the company's proposed acquisition by AT&T.
Of the shares voted, over 99% were cast in favor of adoption of the transaction, representing approximately 88% of the total shares outstanding and entitled to vote.
Announcement (November 7, 2008):
AT&T has agreed to acquire Centennial for $944 million in cash.
Under the terms of the agreement, Centennial stockholders will receive $8.50 per share in cash. Including net debt, the total enterprise value is approximately $2,800 million.
Private equity firm Welsh, Carson, Anderson & Stowe, Centennial's largest stockholder, has agreed to vote in support of the transaction.
AT&T expects to obtain approvals by the end of the second quarter of 2009.
Sullivan & Cromwell LLP is acting as legal advisor to AT&T. Barclays Capital and Evercore Partners are acting as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to Centennial.
Deal Value (US$ Million) 944 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2009-11-06
Deal Participants
Target (Company) Centennial Communications Corp. Acquirer (Company) AT&T, Inc. (formerly SBC Communications, Inc.) Vendor (Company) Undisclosed Vendors
Deal Rationale
The transaction will enhance AT&T's wireless coverage for customers in rural areas of the midwest and southeast US, Puerto Rico, and the US Virgin Islands. Through the acquisition of Centennial's wired network in Puerto Rico, AT&T will also be able to better serve its business customers who operate there. The acquisition offers opportunities for synergies in areas including corporate overhead, advertising, customer care, and network operations.
Tags: acquisition adoption advertising advisor business communications corporate legal louisiana mississippi Private Equity puerto rico virgin islands wireless
Companies: AT&T Corp. (T), Centennial Communications Corp. (CYCL)
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