February 18, 2004 |
After a four-week courtship and a whirlwind weekend, AT&T Wireless Services Inc. agreed Tuesday to join Cingular Wireless in a $41-billion cash deal that would create the nation's largest mobile phone company. Cingular's acquisition of AT&T Wireless would reduce to five the number of major players in the cutthroat industry, a consolidation analysts said could lead to more stable profits, possibly at the expense of customers.
April 21, 2004 |
AT&T Wireless Services Inc. had its first-ever loss of subscribers last quarter because of computer glitches, while its future parent, Cingular Wireless, added 554,000 customers after improving network quality. AT&T Wireless, which agreed to sell itself for $41 billion in February, said it lost a net 367,000 users in the first quarter. Cingular's parents, SBC Communications Inc. and BellSouth Corp.
March 8, 2006 |
This probably isn't what Cingular Wireless had in mind with its advertising boasts about "raising the bar": Nearly 2 million Cingular customers were barred from using their cellphones Tuesday. The database glitch that knocked out service came at an awkward time for Cingular -- just two days after its parent companies, AT&T Inc. and BellSouth Corp., agreed to merge amid concerns that a consolidating telecommunications industry might be bad for service.
November 3, 2000 |
Cingular Wireless, the new company that includes Pacific Bell Wireless, said it will give up-and-coming rival VoiceStream one-third of its mobile phone capacity in California and Nevada in return for additional wireless capacity covering Detroit, St. Louis and the New York City region. The moves will not affect customers of either wireless provider.
October 28, 2002 |
Ed Whitacre is not a happy guy these days. The chairman of SBC Communications Inc., the parent of SBC Pacific Bell, is exasperated about the rates that regulators in California and elsewhere say it can charge rivals such as AT&T Corp. in return for use of the lines and equipment needed to compete for local telephone customers. Whitacre says the rates have been set so low, SBC can't recover its costs.