Consent Completed Relating to AT&T Wireless Services, Inc. Senior Notes
Redmond, WA and Atlanta, GA -/02 September, 2004 - Wi-Fi Technology News/- AT&T Wireless and Cingular announced today that AT&T Wireless received the requisite consents necessary to authorize certain amendments to the indentures relating to its $1,000,000,000 7.350% Senior Notes due 2006, $3,000,000,000 7.875%Senior Notes due 2011, $2,500,000,000 8.750% Senior Notes due 2031, $250,000,000 6.875% Senior Notes due 2005, $750,000,000 7.500% Senior Notes due 2007 and $2,000,000,000 8.125% Senior Notes due 2012, in connection with the previously announced acquisition of AT&T Wireless by Cingular.
Payments of consent fees will be made to holders of AT&T Wireless' Senior Notes entitled to receive them only upon consummation of the acquisition.
The acquisition of AT&T Wireless is subject to the satisfaction or waiver of a number of customary closing conditions, including the approval of AT&T Wireless' stockholders (which has been obtained) and antitrust and other federal regulatory approvals. AT&T Wireless and Cingular currently expect to complete the acquisition in the fourth quarter of 2004.
Citigroup Global Markets Inc. acted as Solicitation Agent in connection with the consent solicitation. Global Bondholder Services Corporation acted as the Information Agent in connection with the Consent Solicitation.
About Cingular Wireless
Cingular Wireless, a joint venture between SBC Communications (NYSE - SBC) and BellSouth (NYSE - BLS), serves more than 25 million voice and data customers across the United States. A leader in mobile voice and data communications, Cingular is the only U.S. wireless carrier to offer RolloverSM, the wireless plan that lets customers keep their unused monthly minutes. Cingular is the largest provider of GSM services in the United States, and has a 100 percent digital GSM/GPRS footprint across its service area. It also launched the world's first commercial deployment of wireless services using Enhanced Data rates for GSM Evolution (EDGE) technology. Cingular also provides corporate e-mail and other advanced data services through its GPRS, EDGE and Mobitex packet data networks.
Details of the company are available at http://www.cingular.com.
About AT&T Wireless
AT&T Wireless (NYSE: AWE) is the second-largest wireless carrier, based on revenues, in the United States. With 21.737 million subscribers as of June 30, 2004, and revenues of more than $16.8 billion over the past four quarters, AT&T Wireless delivers advanced high-quality mobile wireless communications services, voice and data, to businesses and consumers, in the U.S. and internationally.
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