Cingular's purchase of AT&T Wireless may lead to more services, higher prices for consumers industry-wide... shareholders of AT&T Wireless will receive $15 cash per common share or approximately $41 billion The new wireless powerhouse now hopes to accelerate its offering of advanced high-speed services, including wireless Internet and e-mail applications and other offerings often called "third generation" or "3G" wireless in the industry. thousands of layoffs of overlapping positions at both AT&T Wireless and Cingular expected

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what acquisition means to customers:
Both companies use the same cell phone technologies, so customers aren't likely to be forced to change
equipment. And with federal rules requiring telephone number portability, they won't have to change phone
numbers, either.

:: Posted by salas
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