Jan 31, 2005

SBC - AT&T Announcement Might Come Monday

Apparently it is now a done deal and it is just a matter of here what the final deal looks like.

The boards of SBC Communications and AT&T were meeting on Sunday to approve a $16bn merger that would create the largest telecommunications company in the US and end AT&T’s 120-history as an independent company.

Executives of both companies had already held extensive discussions about the terms, and board approval was considered extremely likely, with an announcement expected as early as Monday, said people familiar with the discussions.

No comments:

Post a Comment