San Antonio, Texas-based AT&T Inc. has agreed to buy the rural wireless provider, Dobson Communications Corporation for $2.8 billion. AT&T will pay $13 for per share of Dobson. It is expected, this acquisition will improve AT&T’s wireless coverage in the United States.
Oklahoma City based, Dobson has more than 1.7 million subscribers in rural and suburban areas across 17 states of US, including Missouri. Dobson that offers wireless service under Cellular One Brand has provided roaming service to AT&T and predecessor companies since 1990.
According to Randall L. Stephenson, chairman and CEO of AT&T, the company is focused on mobility, which offers the best broadband wireless network to their customers. The combination of two companies will create value for AT&T’s stockholders.
While the chairman of Dobson Communications, Everett Dobson, said
Dobson is proud of the role we have played in bringing wireless service to rural customers, but we also take pride that these operations will become part of a company with the resources and potential of AT&T. Our customers will gain access to the wide range of innovative products and services AT&T offers, such as the revolutionary iPhone, to which they would not have access without this merger.
Image Credit: RTT News
