Cingular completes merger with AT&T Wireless
Cingular Wireless and AT&T Wireless have completed their previously announced merger, creating the nation's biggest wireless carrier with the largest digital voice and data network in the country. The newly combined company, with have more than 46 million customers.
All required federal regulatory authorities, including the U.S. Department of Justice and the Federal Communications Commission, have approved the transaction. Under terms of the agreement, AT&T Wireless shareholders will receive $15 per common share, or approximately $41 billion.