One more merger of the already saturated telecom market. Today AT&T announces its plan to buy regional wireless provider Centennial Communications Corp. for $944 million in cash, in a bid to expand its coverage. The move comes days after the FCC approved the merger of Verizon and Alltel making Verizon as the number one U.S. wireless carrier in terms of subscribers. AT&T said that acquiring Centennial will improve “coverage for customers in largely rural areas of the Midwest and Southeast United States,” as well as in Puerto Rico and the U.S. Virgin Islands. The deal will also net AT&T Centennial’s roughly 1.1 million wireless subscribers, and what AT&T termed “Centennial’s high-quality 850 MHz spectrum” in states including Indiana, Louisiana, Michigan, Mississippi, Ohio and Texas. Just incase if you wanted to know, Verizon and Alltel combined will have more than 80 million U.S. subscribers. AT&T has roughly 75 million subscribers. 

 

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