AT&T Buys Centennial For $944 Million

The consolidation of the mobile industry continues. Only a few weeks after the Verizon Wireless’ purchase of Alltel was okayed - giving them the most mobile subscribers in the United States - AT&T purchased Centennial Communications for $944 Million Dollars.

Like Alltel for Verizon, this acquisition will give AT&T reach in rural areas in the South East and Midwest… not to mention a foot in the door in Puerto Rico and the Virgin Islands. The purchase needs to jump through the governmental approval hoops, but we don’t think that will pose any problems, and then AT&T will win 1.1 Million Subscribers.

The growth shouldn’t re-bump Verizon back to the #2 position in terms of total subscribers, but we doubt that the acquisitions won’t stop here. We’re just wondering when/if T-Mobile will buy Sprint… and hope none of these companies make as dumb a purchase as Sprint did with Nextel.

[Via AT&T]

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