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NEW YORK There’s a new telecom giant on the block, thanks to the proposed $67 billion merger between AT&T and BellSouth.
The deal makes the new AT&T the largest communications company in the United States, according to a statement. AT&T is now owner of Cingular Wireless, the nation’s biggest cell phone company, formerly co-owned by AT&T and BellSouth.
“This transaction combines two solid, very well-run companies,” AT&T chairman and CEO Edward E. Whitacre, Jr. said in a statement.
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