SAN ANTONIO, Dec. 3 /PRNewswire-FirstCall/ -- AT&T Inc. (NYSE: T) has announced that AT&T, through an affiliate, has entered into a definitive agreement with Edge Wireless Holding Company to acquire full ownership in Edge Wireless LLC ("Edge Wireless"), a regional wireless company with approximately 172,000 subscribers that operates in several markets in the Pacific Northwest.
Under the terms of the agreement, AT&T, which has held a minority ownership interest since Edge Wireless' inception in 2000, will acquire the remaining 64.3 percent of the company.
The addition of Edge Wireless' GSM network will complement AT&T's existing GSM networks in Northern California, Oregon, Idaho and Wyoming. AT&T customers will enjoy broader in-network coverage in these areas, and Edge Wireless customers will gain access to AT&T's full portfolio of products and services as well as AT&T's fully integrated GSM network, which now covers more than 290 million people in 13,000 U.S. cities and towns.
The transaction is contingent upon regulatory approval and is expected to close by mid-2008.
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Cautionary Language Concerning Forward-Looking StatementsInformation set forth in this news release contains financial estimates and other forward- looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company's Web site at http://www.att.com/investor.relations. Accompanying financial statements follow. Previously released pro forma comparisons are available on AT&T's Investor Relations Web site at http://www.att.com/investor.relations.
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