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TMCNet: AT&T Finalizes Sale of Certain Centennial Communications Corp. Assets to Verizon Wireless

[August 31, 2010]

AT&T Finalizes Sale of Certain Centennial Communications Corp. Assets to Verizon Wireless

Aug 31, 2010 (Close-Up Media via COMTEX) -- AT&T said that on August 23, it completed the sale of certain wireless assets of Centennial Communications Corp. to Verizon Wireless. AT&T completed its acquisition of Centennial in November 2009.

According to a release, under terms of the agreement, Verizon Wireless acquired former Centennial wireless properties, including licenses, network assets and more than 117,000 current subscribers, in six service areas in Louisiana and Mississippi. The service areas are Lafayette, La., LA-5 (Beauregard), LA-6 (Iberville), LA-7 (West Feliciana), MS-8 (Claiborne) and MS-9 (Copiah).

AT&T previously divested former Centennial properties in Alexandra, La. and LA-3 (DeSoto) to MTPCS. With the completion of the sale to Verizon Wireless, valued at $235 million, AT&T has satisfied the divestiture requirements of the Centennial acquisition.

AT&T Inc. is a communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With an array of network resources that includes the nation's fastest 3G network, AT&T is a provider of wireless, Wi-Fi, high speed Internet and voice services. A provider of mobile broadband, AT&T also offers wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers TV services under the AT&T U-verseSM and AT&T ___DIRECTVSM brands.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

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