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This acquisition will streamline the ownership and operations of Cingular Wireless which is jointly owned by AT&T and BellSouth. This will result in AT&T being better able to speed the convergence of new and improved services for consumers and businesses. It will also embrace the industry's shift to Internet Protocol network-based technologies (Cauley, 2005). The agreed price was $41 billion in cash. This merger created the nations largest mobile phone company. Consumer advocates were concerned that this move might hurt competition and impede lower prices. Only time will tell if that concern has any merit...
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