CORRECTED - UPDATE 2-US regulators approve AT&T's bid for Centennial

Fri Nov 6, 2009 7:24pm GMT
 
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(Corrects 11th paragraph to show Pardo no longer a director at America Movil)

* Deal to add 1.1 mln subscribers to AT&T

* FCC agrees with Justice Dept conditions

* Accepts AT&T commitments in Puerto Rico, Virgin Islands (Adds FCC official notice; AT&T share price)

WASHINGTON, Nov 5 (Reuters) - The U.S. Federal Communications Commission on Thursday gave final approval to AT&T Inc's (T.N) $944 million bid to buy Centennial Communications Corp CYCL.O.

The widely expected move comes three weeks after the U.S. Justice Department approved the deal on the condition that AT&T, the No. 2 U.S. wireless provider, divest Centennial operations in parts of Louisiana and Mississippi.

The FCC granted the approval under the same conditions.

It also required AT&T to continue Centennial's roaming agreements for four years under certain subscriber conditions. The agency also said it accepted AT&T commitments to maintain a CDMA network in Puerto Rico and the U.S. Virgin Islands for 18 months. AT&T operates on the alternative GSM network.

AT&T, which was required to sell eight service areas, has reached an agreement to sell five of them to Verizon Wireless, a venture of Verizon Communications Inc (VZ.N) and Vodafone Group Plc (VOD.L).  Continued...

 

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