Big Risks Seen for AT&T-BellSouth Deal
A Reuters newswire article, via CNN/Money, reports that:
With its $65 billion agreement to buy BellSouth Corp., AT&T Inc. faces one of the biggest challenges in its history: integrating two stodgy telephone companies with the nation's largest wireless company and making good on $18 billion in promised cost savings.More here.
Although the deal had been widely expected, the timing was a surprise to Wall Street, coming just three months after SBC Communications completed its purchase of AT&T Corp. to form the "new" AT&T Inc.
Together, AT&T and BellSouth (Research) would have a national long-distance telephone and data network, residential customers in 22 states and business customers comprising more than half of the Fortune 1000.
posted by Fergie @ 3/11/2006 11:12:00 AM
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