Monday Oct 11 2004 17:16 EDT David M. Ewalt, 10.11.04 NEW YORK - Verizon Wireless, the hulking champ of the cellular world, is about to meet a new contender. Any day now, the Federal Communications Commission is expected to recommend the approval of Cingular Wireless' $41 billion buyout of AT&T Wireless, a deal which threatens to create the country's largest wireless carrier and to bump the market leader out of first place. Cingular, a joint venture between SBC Communications and BellSouth, is currently the No. 2 carrier, and AT&T Wireless is No. 3. The post-buyout Cingular could have around 46 million customers, and would likely boast the largest and most robust coverage area of any carrier. Full Story at Forbes « back
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