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Description
AT&T Inc. (NYSE:T) has completed its acquisition of Dobson Communications Corporation (NASDAQ:DCEL , a provider of rural and suburban wireless communications services under the Cellular One brand. The combination of the two companies' wireless networks will allow AT&T to deliver broader wireless coverage to customers, including to nearly 1.7 million Dobson subscribers.(1)
"We remain committed to providing our wireless customers the best and broadest network to help them stay connected whenever, wherever and however they want," said Randall L. Stephenson, AT&T chairman and CEO. "This transaction will produce substantial benefits for customers of both AT&T and Dobson. AT&T's customers will enjoy deeper coverage in rural and suburban areas. Dobson's customers will have access to AT&T's full portfolio of innovative products and services."
"This transaction also creates value for AT&T stockholders," said Stephenson. "We expect to realize significant synergies and believe Dobson's customer base will provide considerable opportunities for continued growth."
The two companies have a long-standing relationship as roaming partners, and... |
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