toggle

AAPL Stock: 501.86 ( + 4.19 )

AT&T to buy Dobson, expand coverage

updated 09:25 pm EDT, Fri June 29, 2007

AT&T to expand coverage


AT&T today announced that it will purchase wireless carrier Dobson Communications for $2.8 billion in cash, which will expand AT&T's own network coverage into rural areas. AT&T will pay $13 per share representing an almost 17 percent premium over Dobson's $11.11 share price as of 4:00 p.m., according to the Wall Street Journal. Dobson, which is based in Oklahoma City, handles wireless services in rural and suburban areas mostly in the Midwest, Southwest, and Alaska to serve around 1.7 million customers. The acquisition will broaden AT&T's cellular coverage, resulting in improved mobile service for iPhone owners in less populated areas.


by MacNN Staff

(2)

TAGS :

 Apple
toggle

Comments

  1. greenG4

    Grizzled Veteran

    Joined: Aug 2002

    0

    :/

    Not just iPhone users...

  1. Saint_Stryfe

    Fresh-Faced Recruit

    Joined: Jul 2001

    0

    As a Dobson customer...

    ...I'm thrilled. My family's been customers of Cellular One (Dobson's branding for the more rural areas of the Northeast) for almost 20 years now. My only non-Dobson experience has been with AT&T, which was very positive as well. Hopefully, it's two great tastes which go great together in this case.

    I do wonder if they'd re-brand Cell one as AT&T, or if they'll keep the separate branding. I know Cell One uses the same technologies as AT&T - EDGE wireless, SIM Cards and GSM phones - so hopefully it's just logo re-branding. But I'd love to have iPhones through Cell One, or better, become AT&T members so I could get a larger selection of phones (Cell One is harsh if your like me and dislike Flip Phones).

Login Here

Not a member of the MacNN forums? Register now for free.

 
close
Photo
toggle

Network Headlines

toggle

Most Popular

10 Most Read

Recent Reviews

Powerbag Business Class Bag

Many companies currently offer battery packs and various accessories to keep smartphones and other gadgets charged when away from an o ...

Logitech Cube

The world of mice could often be described charitably as stagnant: it's an endless sea of ergonomic shapes that assume you're sitting ...

NewerTech and Targus USB Hubs For Gifts

A useful holiday present to resolve an ongoing frustration is a multi-port hub. Whether as a stocking stuffer, Chanukah present, or an ...

toggle

Most Commented

10 Most Discussed