2007-01-16 16:01:39 · 7 answers · asked by cameraman 2 in Business & Finance ➔ Renting & Real Estate
Not directly - AT&T bought Bellsouth.
Bellsouth owns Cingular; so AT&T also ended up with everything Bellsouth owns.
The deal was struck months ago but the government only cleared the purchase a couple of weeks ago.
2007-01-16 16:06:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In effect it will look like the answer is yes.
The background is more complex. Two companies as joint owners owned Cingular. Not a 50/50 split but that does not matter much. One of the two owners of Cingular then purchased AT&T. As part fo the deal the buyer changed their name to the company they were buying (AT&T). Later that company (the new AT&T) purchased the other company that owned the rest of Cingular (BellSouth). AT&T continued to use the AT&T name. The final step was for the new, 100% owner of Cingular to decide that they would rather use AT&T as the name for the mobile business so the Cingular name is being retired.
If any part of this is wrong someone else will likely suggest a correction. Ultimately it only matters that Cingular will be called AT&T. The conversion is supposed to be complete in a few months with someone saying it will be finalized when the new Apple iPhone is launched in June.
2007-01-17 10:26:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It's a little more complicated than that. Cingular Wireless is a joint venture of a number of companies, which AT&T is proposing to purchase.
2007-01-17 00:12:00 · answer #3 · answered by presidentrichardnixon 3 · 0⤊ 0⤋
AT&T owns Cingular, yes.
2007-01-17 00:04:56 · answer #4 · answered by BAM 7 · 0⤊ 0⤋
Yes.
And if they ever buy MCI, I will switch to two tin cans and string.
2007-01-17 00:59:42 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Si, es verdad
2007-01-17 00:03:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I believe so!
2007-01-17 00:04:24 · answer #7 · answered by §Sally§ 5 · 0⤊ 0⤋