AT&T Wireless announced late Mon. it has agreed to sell its share...
AT&T Wireless announced late Mon. it has agreed to sell its share of Rogers Wireless to Rogers Communications for $1.38 billion. AWE had been hoping to sell its stake as part of its merger with Cingular. Earlier, AWE turned…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
down a $1.15 billion offer from Rogers, which is Canada’s 2nd largest wireless carrier with 3.8 million customers. “For several years, we've been focused on identifying and monetizing non-strategic assets, at the right value, to fund growth in our core wireless business,” said John Zeglis, AT&T Wireless chmn. “During this period, we have sold minority investments in Taiwan, Indonesia, the Czech Republic, and other countries. The sale of our interest in Rogers is simply another step in our execution of this long-term plan.” AT&T Corp. bought its share from British Telecom in 1999. AT&T Wireless took over that interest when it was spun off 2 years later.