AT&T Buys Centennial for $944 Million

Centennial_Motorola.jpgJust the other day, AT&T acquired Wayport for $275 million in a bid to add several thousand hotspots to the wireless provider’s network. Now AT&T has announced plans to acquire Centennial, a regional provider of wireless and wired communications services, for $944 million in cash.

The two companies said in a joint statement that the transaction will enhance AT&T’s wireless coverage for customers in largely rural areas of the Midwest and Southeast United States and in Puerto Rico and the U.S. Virgin Islands.

As a result of the acquisition, Centennial’s 1.1 million wireless subscribers—mostly in rural areas—will now have access to AT&T’s lineup of phones, including the iPhone. And the U.S. moves yet another step closer to having just two major wireless carriers.