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The deal would come with 33.7 million subscribers, making AT&T the largest mobile phone company in the United States. [4] [5] If the deal were to go through, AT&T would have a 43% market share of mobile phones in the U.S., making AT&T significantly larger than any of its competitors.
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The AT&T Wireless brand was retired by Cingular on April 26, 2005, six months after the close of the merger. This was per a pre-spinoff agreement with AT&T Corp. that stated that if AT&T Wireless was to be bought by a competitor, the rights to the name AT&T Wireless and the use of the AT&T name in wireless phone service would revert to AT&T Corp.
AT&T (NYSE: T) stock is climbing in Wednesday's trading session following the telecom giant's third-quarter report. The share price was up by about 4% as of 1:45 p.m. ET. ... In the quarter, the ...
For example, in Q2, AT&T grew its number of postpaid phone subscribers, the telecom industry's most valuable customers, from 70.3 million in the year-ago period to 71.9 million.
However, the merged company took the better-known AT&T name and branding, changing its corporate name to AT&T Inc. to differentiate the company from the former AT&T Corporation. On December 1, 2005, the merged company's New York Stock Exchange ticker symbol was changed from "SBC" to the traditional "T" used by AT&T.
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AT&T hoped to obtain approvals by the end of the second quarter of 2009. In an attempt to quell regulators, on May 9, 2009 AT&T entered an agreement with Verizon Wireless to sell off certain existing Centennial service areas in the states of Louisiana and Mississippi for $240 million pending the successful merger of AT&T and Centennial. [6]