AT&T puts a price on wireless offering; plans call for the stock sale to raise up to $13.2 billion

Article Abstract:

The largest initial public offering in US history is being planned for AT&T Corp.'s wireless communications unit. The securities offered will be 'tracking' stocks and do not represent ownership-shares of the company. The minimum AT&T expects to gain from the sale is $9.4 billion and may go as high as $13.2 billion.

Planning, Securities, Going public (Securities), Initial public offerings, Company public offering

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2 phone giants said to be near deal to merge wireless units

Article Abstract:

SBC Communications and BellSouth are negotiating a merger of their wireless communications businesses in the hopes of raising $8 billion annually and serving over half the U.S. population. The geographic expanse of the deal is especially targeted toward the Sun Belt. The newly-formed company, if publicly traded, could be worth $60 billion. Both companies will have equal power over managerial decisions. Federal approval is the next step.

Acquisitions & mergers, Telecommunications, COMMUNICATION, Communications, Broadcasting and Telecommunications, Telephone Communication, Company acquisition/merger, AT&T Inc., BellSouth Corp., BLS, SBC

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The devolved AT&T: are 4 parts more promising than one?

Article Abstract:

AT&T is planning a corporate divestiture that will split its current business into four separate companies. Although Chairman C. Michael Armstrong sees only the positives in the restructuring, it is possible that AT&T's divestiture will result in less fear of the company's size and influence among competitors. AT&T's wireless business seems to be its strongest, but it will encounter increased competition for its three other units: business services, cable and consumer.

Asset sales & divestitures, Competition (Economics), Economic aspects, Forecasts and trends, Company restructuring/company reorganization, Reorganization and restructuring, Corporate divestiture, Divestiture

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