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  1. #1
    PDA Man
    Guest
    NEW YORK-Cingular Wireless L.L.C.'s parent companies SBC Communications Inc.
    and BellSouth Corp. are reportedly looking at an initial public offering for
    their wireless division sometime next year to help fund expansion plans that
    could include a merger with industry rival AT&T Wireless Services Inc.,
    according to a report in the Wall Street Journal.

    "At Cingular, there is strong momentum building for both an acquisition or
    an IPO," an unnamed source told the Wall Street Journal. "This is more than
    just running scenarios."

    A number of industry sources have made similar predictions of a possible
    Cingular/AT&T Wireless merger noting both carriers have been cleaning up
    their balance sheets and consolidating their operations for such a move.
    Cingular was rumored to be looking at acquiring T-Mobile USA Inc. last year,
    but was reportedly rebuffed by T-Mobile USA parent company Deutsche Telekom
    AG.

    The news sent AT&T Wireless' shares up more than five percent in early
    Tuesday trading to nearly $8 per share with above average trading volume.
    ------
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    See More: NEWS: IPO, Merger Speculated for Cingular Wireless




  2. #2
    Joseph
    Guest

    Re: NEWS: IPO, Merger Speculated for Cingular Wireless

    On Wed, 24 Dec 2003 14:25:31 -0500, "PDA Man" <[email protected]> wrote:

    >"At Cingular, there is strong momentum building for both an acquisition or
    >an IPO," an unnamed source told the Wall Street Journal. "This is more than
    >just running scenarios."


    Ya sure it is. How many times in the last year have we heard this
    rumor that cingular and ATTWS were going to go for an acquisition.
    I'll believe it when I see it.

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  3. #3
    Carl.
    Guest

    Re: IPO, Merger Speculated for Cingular Wireless

    "PDA Man" <[email protected]> wrote in message
    news:[email protected]
    > NEW YORK-Cingular Wireless L.L.C.'s parent companies SBC Communications

    Inc.
    > and BellSouth Corp. are reportedly looking at an initial public offering

    for
    > their wireless division sometime next year to help fund expansion plans

    that
    > could include a merger with industry rival AT&T Wireless Services Inc.,
    > according to a report in the Wall Street Journal.
    >
    > "At Cingular, there is strong momentum building for both an acquisition or
    > an IPO," an unnamed source told the Wall Street Journal. "This is more

    than
    > just running scenarios."


    Don't trust a source that doesn't understand the difference between "both"
    and "or."


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