Cingular Buying AT&T Wireless - GoFuckYourself.com

KRL · 02-17-2004, 07:31 AM

Cingular Wireless won the bidding war to acquire AT&T Wireless Services for nearly $41 billion in cash, a deal that would create the nation's largest cell phone company.

Combined, Cingular and AT&T Wireless will have 46 million subscribers, enough to leapfrog Verizon Wireless' market leading customer base of 37.5 million.

Cingular, a joint venture between SBC Communications Inc. and BellSouth Corp., said its winning bid was for $15 per share, an amount that would value AT&T Wireless at $40.7 billion. Cingular will also assume $6 billion of debt owed by AT&T Wireless.

The agreement, subject to the approval of AT&T Wireless shareholders and regulatory authorities, may be the largest all-cash buyout in U.S. history, said David Caouette, spokesman for AT&T Wireless.

The combined company will carry the Cingular name and once a deal is approved, billing and other operational functions will be merged, though there will be no immediate impact on customers, said Ralph de la Vega, Cingular's chief operating officer.

Tala · 02-17-2004, 07:34 AM

Wow. Now does that mean AT&T will start looking after their long distance customers a bit better, or does this mean that AT&T is starting to go downhill and needed the $$?

media · 02-17-2004, 07:46 AM

Not only is cingular probably the biggest company, they also probably have the largest cases of identity theft fraud subscriptions on their network in my opinion based on my experiences..

When I called to have an account closed that was opened in my name fraudulently they said "let me guess, the fraud came from florida" you know you have a major fucking problem when you know where the fraud comes from...

Cassie · 02-17-2004, 08:42 AM

Quote:

Originally posted by Tala
Wow. Now does that mean AT&T will start looking after their long distance customers a bit better, or does this mean that AT&T is starting to go downhill and needed the $$?

i'm gonna guess that the service will go downhill (what do they care about service when they will have more money then god and possibly gates). i shut my acct with at&t years ago because every month i would have a 2.00 swing on my bill when i never used my cell. when i questioned the rep about it, he told me they had to make money somewhere.

think about it, if every month they charge customers anything from 1 cent to 2.00 over, what kind of profit does that bring? insane.... i switched to verizon and monitor my bills more closely now.

scoreman · 02-17-2004, 08:51 AM

I smell a multibillion dollar charge in 2006 and huge goodwill line items for the next 5-10 years.

nap · 02-17-2004, 10:12 AM

This is just the beginning. Somebody else will merge. I was reading an article that stated Nextel was on Sprint PCS shopping list. I doubt Verizon sits by and just allows Cingular to bypass them either.

NBDesign · 02-17-2004, 10:14 AM

I tried to get Cingular but when I went to their web site... they did not cover anything in Arizona... So, either their web site needs to be updated... or they do not cover the area their commercials say they do... I had to go with T-Mobile instead... been happy so far... but I really liked the roll-over minutes... that is why I wanted cingular so bad.

nofx · 02-17-2004, 10:15 AM

cingular is going to be the next mabell of phones. now all they need to do is get larger coverage areas.

SMG · 02-17-2004, 10:21 AM

cingular wired to at&t is gonna be awesome too, because cingular has more GSM towers than at&t, and in the last 6-12 months, at&t made some gsm major roaming agreements ... so the combined network probably will surpass verizon in terms of coverage/quality

body · 02-17-2004, 10:22 AM

Quote:

Originally posted by SMG
cingular wired to at&t is gonna be awesome too, because cingular has more GSM towers than at&t, and in the last 6-12 months, at&t made some gsm major roaming agreements ... so the combined network probably will surpass verizon in terms of coverage/quality

JDog · 02-17-2004, 10:29 AM

Yea I can see AT&T going down, I saw that start happening 6 months ago!

jDoG

zeus ent. · 02-17-2004, 10:48 AM

A couple of my friends work at ATT Wireless, they highly recommended if you have a Wireless phone, to move to a new provider before the merger.

02-17-2004, 07:31 AM	#1
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Cingular Buying AT&T Wireless Cingular Wireless won the bidding war to acquire AT&T Wireless Services for nearly $41 billion in cash, a deal that would create the nation's largest cell phone company. Combined, Cingular and AT&T Wireless will have 46 million subscribers, enough to leapfrog Verizon Wireless' market leading customer base of 37.5 million. Cingular, a joint venture between SBC Communications Inc. and BellSouth Corp., said its winning bid was for $15 per share, an amount that would value AT&T Wireless at $40.7 billion. Cingular will also assume $6 billion of debt owed by AT&T Wireless. The agreement, subject to the approval of AT&T Wireless shareholders and regulatory authorities, may be the largest all-cash buyout in U.S. history, said David Caouette, spokesman for AT&T Wireless. The combined company will carry the Cingular name and once a deal is approved, billing and other operational functions will be merged, though there will be no immediate impact on customers, said Ralph de la Vega, Cingular's chief operating officer. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

02-17-2004, 07:34 AM	#2
Tala Fucked if I know Join Date: Dec 2002 Location: Do you have a flag? Posts: 23,368	Wow. Now does that mean AT&T will start looking after their long distance customers a bit better, or does this mean that AT&T is starting to go downhill and needed the $$? __________________ ICQ: 11120676 \| Google: mindcrime \| Skype: suitemindcrime\|E-Mail: mindcrime AT gmail.com\|PR girl with great writing skills for hire!!!! Contact me to work for YOU!\|TECHIEMEDIA? 24/7 support from some of the best techs in the biz. Tell Jim that I sent you.

02-17-2004, 07:46 AM	#3
media Confirmed Moneymaker Industry Role: Join Date: Apr 2002 Location: Eugene, OR It's Like Jail, Only with Trees! Posts: 9,852	Not only is cingular probably the biggest company, they also probably have the largest cases of identity theft fraud subscriptions on their network in my opinion based on my experiences.. When I called to have an account closed that was opened in my name fraudulently they said "let me guess, the fraud came from florida" you know you have a major fucking problem when you know where the fraud comes from... __________________ I'm here for the violence!

02-17-2004, 08:51 AM	#5
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	I smell a multibillion dollar charge in 2006 and huge goodwill line items for the next 5-10 years. __________________

02-17-2004, 10:14 AM	#7
NBDesign Confirmed User Join Date: Jan 2003 Location: The other side of Hell Posts: 5,814	I tried to get Cingular but when I went to their web site... they did not cover anything in Arizona... So, either their web site needs to be updated... or they do not cover the area their commercials say they do... I had to go with T-Mobile instead... been happy so far... but I really liked the roll-over minutes... that is why I wanted cingular so bad. __________________ Use Lensman's program and get the most for your hard earned traffic. Get Heidi for your site Here. Lots of sets to choose from. She makes a great Addition to any site. Grab one Grab All.

02-17-2004, 10:12 AM	#6
nap Confirmed User Join Date: Dec 2002 Location: midwest Posts: 2,765	This is just the beginning. Somebody else will merge. I was reading an article that stated Nextel was on Sprint PCS shopping list. I doubt Verizon sits by and just allows Cingular to bypass them either.

02-17-2004, 10:15 AM	#8
nofx Too lazy to set a custom title Join Date: Nov 2002 Location: Virgin Mary's womb Posts: 16,826	cingular is going to be the next mabell of phones. now all they need to do is get larger coverage areas. __________________ Often times I wonder why There's love and hate, theres live or die. When sickness comes I must decide: When feelings go, theres suicide.

02-17-2004, 10:21 AM	#9
SMG Confirmed User Join Date: Aug 2003 Posts: 1,798	cingular wired to at&t is gonna be awesome too, because cingular has more GSM towers than at&t, and in the last 6-12 months, at&t made some gsm major roaming agreements ... so the combined network probably will surpass verizon in terms of coverage/quality __________________ TGP Webmasters: sign up for the top 100 tgp list! Submit galleries If you add me to icq (title) make sure to mention GFY or I'll think you're a bot and deny you.

02-17-2004, 10:29 AM	#11
JDog Confirmed User Join Date: Feb 2003 Location: Canby, OR Posts: 7,453	Yea I can see AT&T going down, I saw that start happening 6 months ago! jDoG __________________ NSCash now powering ReelProfits.com ALSO FEATURING: NSCash.com :: SoloDollars.com :: ReelProfits.com :: BiminiBucks.com :: VOD PROGRAMS COMING SOON: Greedy Bucks :: Vengeance Cash NOW OFFERING OVER 60 SITES CONTACT :: JAMES SMITH :: CHIEF TECHNOLOGY OFFICER :: ICQ (711385133)

02-17-2004, 10:48 AM	#12
zeus ent. Registered User Join Date: Dec 2003 Posts: 19	A couple of my friends work at ATT Wireless, they highly recommended if you have a Wireless phone, to move to a new provider before the merger.