"AT&T confirms deal to acquire BellSouth"

<http://today.reuters.co.uk/news/newsArticle.aspx?type=businessNews&storyID=2006-03-05T194230Z_01_WEN2161_RTRUKOC_0_UK-TELECOMS-BELLSOUTH-DEAL.xml>

Sun Mar 5, 2006 7:42 PM GMT13

PHILADELPHIA (Reuters) - AT&T (T.N: Quote, Profile, Research) on
Sunday agreed to acquire BellSouth (BLS.N: Quote, Profile, Research)
for about $67 billion (38 billion pounds), to expand its reach into
the southeastern United States and acquire the rest of Cingular
Wireless it does not already own.

BellSouth shareholders will receive 1.325 shares of AT&T common stock
for each common share of BellSouth. Based on AT&T's closing stock
price on March 3, that equals $37.09 per BellSouth common share, a
17.9-percent premium.

The long-awaited deal would give the combined company a national
long-distance telephone and data network, residential customers
stretching from Florida to California and business customers
comprising more than half of the Fortune 1000.

--
Best regards, SEE THE FAQ FOR CINGULAR WIRELESS AT
John Navas <http://en.wikibooks.org/wiki/Cingular_Wireless_FAQ>

As viewed from alt.internet.wireless, John Navas wrote:

><http://today.reuters.co.uk/news/newsArticle.aspx?type=businessNews&storyID=2006-03-05T194230Z_01_WEN2161_RTRUKOC_0_UK-TELECOMS-BELLSOUTH-DEAL.xml>
>
> Sun Mar 5, 2006 7:42 PM GMT13
>
> PHILADELPHIA (Reuters) - AT&T (T.N: Quote, Profile, Research)
> on Sunday agreed to acquire BellSouth (BLS.N: Quote, Profile,
> Research) for about $67 billion (38 billion pounds), to expand
> its reach into the southeastern United States and acquire the
> rest of Cingular Wireless it does not already own.
>
> BellSouth shareholders will receive 1.325 shares of AT&T common
> stock for each common share of BellSouth. Based on AT&T's closing
> stock price on March 3, that equals $37.09 per BellSouth common
> share, a 17.9-percent premium.
>
> The long-awaited deal would give the combined company a national
> long-distance telephone and data network, residential customers
> stretching from Florida to California and business customers
> comprising more than half of the Fortune 1000.

After the breakup of Ma Bell into the regional Baby Bells in the 80's,
watching The Phone Company recombine itself into one monolithic entity
reminds me of the scene in "Terminator 2" where the pieces of the
terminator flowed together to reconstruct itself after having been
frozen with liquid nitrogen and shattered.

John Navas <(E-Mail Removed)> writes:
> The long-awaited deal would give the combined company a national
> long-distance telephone and data network, residential customers
> stretching from Florida to California and business customers
> comprising more than half of the Fortune 1000.

I think Bellsouth owns 10% of Qwest (which bought US West).

Bellsouth owns 40% of Cingular. The former SBC owned 60% of it. This deal
would put Cingular under that one big roof.

Later

Mark Hittinger
(E-Mail Removed)

[POSTED TO alt.internet.wireless - REPLY ON USENET PLEASE]

In <(E-Mail Removed)> on Mon, 06 Mar 2006 05:25:52
-0800, emtech <(E-Mail Removed)> wrote:

>After the breakup of Ma Bell into the regional Baby Bells in the 80's,
>watching The Phone Company recombine itself into one monolithic entity
>reminds me of the scene in "Terminator 2" where the pieces of the
>terminator flowed together to reconstruct itself after having been
>frozen with liquid nitrogen and shattered.

Times have changed. Back then we had a regulated monopoly with no
competition. Now we have deregulation and competition.

--
Best regards, SEE THE FAQ FOR ALT.INTERNET.WIRELESS AT
John Navas <http://en.wikibooks.org/wiki/FAQ_for_alt.internet.wireless>

In article <TfSOf.511417$(E-Mail Removed)>, John Navas <(E-Mail Removed)> wrote:
><http://today.reuters.co.uk/news/news...ws&storyID=200
>6-03-05T194230Z_01_WEN2161_RTRUKOC_0_UK-TELECOMS-BELLSOUTH-DEAL.xml>
>
> Sun Mar 5, 2006 7:42 PM GMT13
>
> PHILADELPHIA (Reuters) - AT&T (T.N: Quote, Profile, Research) on
> Sunday agreed to acquire BellSouth (BLS.N: Quote, Profile, Research)
> for about $67 billion (38 billion pounds), to expand its reach into
> the southeastern United States and acquire the rest of Cingular
> Wireless it does not already own.
>
> BellSouth shareholders will receive 1.325 shares of AT&T common stock
> for each common share of BellSouth. Based on AT&T's closing stock
> price on March 3, that equals $37.09 per BellSouth common share, a
> 17.9-percent premium.
>
> The long-awaited deal would give the combined company a national
> long-distance telephone and data network, residential customers
> stretching from Florida to California and business customers
> comprising more than half of the Fortune 1000.
>

Could someone tell me what the court decission in the late 70's and early
80's to bust up AT&T was about if the babies are now allowed to recombine?
Won't this just leave Bell Atlantic (Verizon) the only baby left?

fundamentalism, fundamentally wrong.

In article <gKCdnelk8fS-(E-Mail Removed)>, (E-Mail Removed) (Mark Hittinger) wrote:
>John Navas <(E-Mail Removed)> writes:
>> The long-awaited deal would give the combined company a national
>> long-distance telephone and data network, residential customers
>> stretching from Florida to California and business customers
>> comprising more than half of the Fortune 1000.
>
>I think Bellsouth owns 10% of Qwest (which bought US West).
>
>Bellsouth owns 40% of Cingular. The former SBC owned 60% of it. This deal
>would put Cingular under that one big roof.
>

That and the sunbelt is still the fastest growing part of the country both
population and economy. THis is a smart move on SBC's part. I just wonder
where the Justice department is.

>Later
>
>Mark Hittinger
>(E-Mail Removed)

fundamentalism, fundamentally wrong.

As viewed from alt.internet.wireless, John Navas wrote:

>emtech wrote:
>>After the breakup of Ma Bell into the regional Baby Bells in
>>the 80's, watching The Phone Company recombine itself into one
>>monolithic entity reminds me of the scene in "Terminator 2"
>>where the pieces of the terminator flowed together to reconstruct
>>itself after having been frozen with liquid nitrogen and shattered.

>Times have changed. Back then we had a regulated monopoly with no
>competition. Now we have deregulation and competition.

Well, we did for a while there.

[POSTED TO alt.internet.wireless - REPLY ON USENET PLEASE]

In <TnfPf.7564$(E-Mail Removed)> on Tue, 07 Mar 2006 12:57:23
GMT, (E-Mail Removed) (Rico) wrote:

>In article <gKCdnelk8fS-(E-Mail Removed)>, (E-Mail Removed) (Mark Hittinger) wrote:
>>John Navas <(E-Mail Removed)> writes:
>>> The long-awaited deal would give the combined company a national
>>> long-distance telephone and data network, residential customers
>>> stretching from Florida to California and business customers
>>> comprising more than half of the Fortune 1000.
>>
>>I think Bellsouth owns 10% of Qwest (which bought US West).
>>
>>Bellsouth owns 40% of Cingular. The former SBC owned 60% of it. This deal
>>would put Cingular under that one big roof.
>
>That and the sunbelt is still the fastest growing part of the country both
>population and economy. THis is a smart move on SBC's part. I just wonder
>where the Justice department is.

Washington DC. While there will probably be some demands made to approve the
deal, there's nothing that warrants blocking it.

--
Best regards, SEE THE FAQ FOR ALT.INTERNET.WIRELESS AT
John Navas <http://en.wikibooks.org/wiki/FAQ_for_alt.internet.wireless>

[POSTED TO alt.internet.wireless - REPLY ON USENET PLEASE]

In <ClfPf.7563$(E-Mail Removed)> on Tue, 07 Mar 2006 12:54:58
GMT, (E-Mail Removed) (Rico) wrote:

>Could someone tell me what the court decission in the late 70's and early
>80's to bust up AT&T was about if the babies are now allowed to recombine?

It was about a regulated monopoly. Today the market is deregulated and
competitive. Like many other people, I don't even have a landline anymore.

>Won't this just leave Bell Atlantic (Verizon) the only baby left?

Competing with cable, wireless, and VoIP.

--
Best regards, SEE THE FAQ FOR ALT.INTERNET.WIRELESS AT
John Navas <http://en.wikibooks.org/wiki/FAQ_for_alt.internet.wireless>

In article <T%hPf.23532$(E-Mail Removed)>, John Navas <(E-Mail Removed)> wrote:
>[POSTED TO alt.internet.wireless - REPLY ON USENET PLEASE]
>
>In <TnfPf.7564$(E-Mail Removed)> on Tue, 07 Mar 2006 12:57:23
>GMT, (E-Mail Removed) (Rico) wrote:
>
>>In article <gKCdnelk8fS-(E-Mail Removed)>, (E-Mail Removed) (Mark
> Hittinger) wrote:
>>>John Navas <(E-Mail Removed)> writes:
>>>> The long-awaited deal would give the combined company a national
>>>> long-distance telephone and data network, residential customers
>>>> stretching from Florida to California and business customers
>>>> comprising more than half of the Fortune 1000.
>>>
>>>I think Bellsouth owns 10% of Qwest (which bought US West).
>>>
>>>Bellsouth owns 40% of Cingular. The former SBC owned 60% of it. This deal
>>>would put Cingular under that one big roof.
>>
>>That and the sunbelt is still the fastest growing part of the country both
>>population and economy. THis is a smart move on SBC's part. I just wonder
>>where the Justice department is.
>
>Washington DC. While there will probably be some demands made to approve the
>deal, there's nothing that warrants blocking it.

Well certainly not from an employee/contractor's point of view <wink/>

>

fundamentalism, fundamentally wrong.