Verizon Wireless' acquisition of AT&T-divested Centennial Wireless entangled in regulatory process

By on July 23, 2010 at 12:50 PM.

Verizon Wireless' acquisition of AT&T-divested Centennial Wireless entangled in regulatory process

While AT&T’s is beginning the transition of its newly-acquired Verizon Wireless assets, the acquisition of AT&T-divested Centennial Wireless by Verizon Wireless has stalled in the middle of the regulatory process. Verizon Wireless has been granted two time extensions to give the wireless carrier additional time to respond to the FCC’s questions, and the FCC has issued a second protective order to keep much of the proceedings confidential. An objection issued by Cellular South is also still active and under consideration by the FCC. With all of this bureaucratic red tape still in the way, this transition is proceeding very, very slowly and most likely wont be initiated until 2011. Folks in those five markets within Louisiana and Mississippi that are affected by this merger will become well acquainted with the phrase, “be patient, just wait”. More →

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AT&T gets FCC approval for purchase of Centennial Wireless

By on November 6, 2009 at 1:19 PM.

AT&T gets FCC approval for purchase of Centennial Wireless

att-centennial

If you’re a big telecommunications company there is the hard way to add 893,000 customers to your portfolio — by working to provide hardware and services that people value and want — then there is the easy way. Cutting a check. Today, the FCC gave AT&T the final go ahead to purchase US wireless carrier Centennial Wireless for a cool $944 million. The acquisition will bolster AT&T’s presence in the midwest, southwest, and Puerto Rico, although we’re not sure how, if at all, it will impact their 3G footprint. Centennial’s stockholders will receive $8.50/share for their troubles and AT&T is saying it will have Centennial’s stores re-branded by January of 2010. Any Centennial customers out there excited about being folded into Ma Bell? More →

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