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Monday March 6, 2006 3:42 pm
Cingular To Become AT&T Wireless Again
While it isn’t officially official just yet, all signs point to AT&T acquiring BellSouth to the tune of $67 billion. The two companies currently jointly run Cingular Wireless, which happens to be the largest wireless provider in the US. With the purchase, gone will be the Cingular Wireless and BellSouth brands. So all you AT&T Wireless subscribers who were re-branded into Cingular customers, it’s time to go back. Of course, the potential benefit here is that AT&T can offer a bundle of discounted services, since they offer more than just wireless phone service. The downside to all this is the cutbacks that will take place. AT&T claims that they will eliminate 36,000 positions between 2006 and 2008, stemming from both the original Cingular merger, and the new acquisition.
(Thanks, Benjamin!)
Read More 
| NY Times
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