Vodafone loses AT&T Wireless battle
Cingular outbids
Posted in Mobile, 17th February 2004 10:02 GMT
See what The Register's experts have to say on application security
The bidding battle for AT&T Wireless is over and Cingular has won.
Vodafone and Cingular put in bids late last night. Vodafone was believed to have offered around $38bn, or $14 a share. But Cingular snapped up the US's third largest mobile operator.
Cingular paid $15 a share, valuing the company at about $40.7bn, according to CNBC.
One industry observer suggested that even though the bid did not go through, Vodafone has succeeded in driving up the price any rival has to pay.
Vodafone shares rose slightly in early trading as investors welcomed its departure from a bidding war. ®
Related stories
Verizon, Vodafone stake out in the US
AT&T Wireless awaits prom call from Vodafone
Vodafone's AT&T interest confirmed


The future of SaaS and IT infrastructure management
Solving on-premise email challenges with on-demand services
The business case for application security
Reducing messaging and web security costs with managed services

Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter