AT&T Gets Permission To Swallow Another Provider
AT&T continues their borg-like plans to swallow every other teleco they can get their paws on, with the seeming goal to recreate the Ma Bell monopoly. The latest company on their menu is Centennial Wireless, who have a 900,000 strong subscriber base. The FCC have just given AT&T the go ahead, and they will pay out stockholders at $8.50 per share, and AT&T will purchase the company for $944 million. I guess that means a customer is worth around $100 to the megacorp. AT&T claims the acquisition will boost their coverage over the Midwest and Southeast United States and in Puerto Rico and the U.S. Virgin Islands.
[via BoyGeniusReports]
Tags: ATT, Centennial Wireless
