Telecom Services' Wide Appeal

Q: Has the old AT&T Wireless gone live in its new identity?

A: Cingular's acquisition of AT&T Wireless was completed earlier this month, but we believe the integration of these carriers will be complicated and be dilutive to the earnings of parent companies SBC and BellSouth. When quarterly numbers are reported at the end of 2004, we expect Cingular will be the largest wireless carrier in the U.S., but [we] expect there to be continued market-share battles between Cingular and Verizon Wireless. Separately, we expect AT&T (T ) to offer a wireless service at some point in 2005.

The Good Business Issue
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