FCC OKs Cingular bid for AT&T

I wondered why my boss was funneling stuff onto my desk this morning, and why the phone kept ringing…

Here we go:

FCC OKs Cingular bid for AT&T

Commission joins Justice Department in giving OK for $41 billion cellular deal.

WASHINGTON (Reuters) – The U.S. Federal Communications Commission said Tuesday it has conditionally approved Cingular Wireless’ $41 billion cash acquisition of AT&T Wireless Services Inc., clearing the last big hurdle for the deal….

A combined Cingular and AT&T Wireless will have about 47.6 million customers in 49 states, surpassing current market leader Verizon Wireless.

This is huge.

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