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Today, the FCC approved AT&T's purchase of the US wireless carrier Centennial Wireless for $944 million. The acquisition boosts AT&T's presence in the midwest, southwest, and expands its wired network coverage to Puerto Rico. Stockholders receive $8.50/share and Centennial stores will have that AT&T logo by January of 2010.
“The addition of Centennial will enhance AT&T’s assets in wireless — a strategic priority and one of our biggest growth drivers — and service for customers of both companies,” said Ralph de la Vega, president and chief executive officer of AT&T Mobility and Consumer Markets. “We’re excited to give Centennial wireless subscribers access to the nation’s fastest 3G network plus our premier lineup of smartphones and unmatched portfolio of applications and services.
“We’ll also improve network reliability for our wireless subscribers who will be able to make on-network calls in the Centennial footprint,” said de la Vega. “And as Centennial’s broadband network in Puerto Rico is integrated with AT&T’s extensive global network and advanced service offerings, we’ll offer corporations that operate in Puerto Rico the benefits of end-to-end service over a single network.”
Today, the FCC approved AT&T's purchase of the US wireless carrier Centennial Wireless for $944 million. The acquisition boosts AT&T's presence in the midwest, southwest, and expands its wired network coverage to Puerto Rico. Stockholders receive $8.50/share and Centennial stores will have that AT&T logo by January of 2010. 
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