LOS ANGELES, CA, (NAMC) – This past weekend telecommunications giant AT&T (NYSE: T) has made strides to expand their reach and regain their dominance in the telecommunications industry.

AT&T has agreed to purchase BellSouth (NYSE: BLS) for over $67 billion in an effort to fully acquire Cingular Wireless, which they own a portion of currently.

On the heels of launching the biggest advertising blitz in the history of AT&T they are continuing to follow through with an acquisition that would give them tremendous presence in the southeastern United States.

As part of the deal BellSouth will receive 1.325 shares of AT&T common stock for each common share of BellSouth. Based on AT&T's closing stock price on March 3, that equals $37.09 per BellSouth common share, a 17.9-percent premium.


AT&T closed at $27.99 on Friday March 3, 2006.

Michael Rossi
Business News Correspondent
NAMC Newswire
www.namcnewswire.com

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