AT&T to Buy Centennial for $944 Million

According to NYT,AT&T announced Friday evening that it would buy Centennial Communications, a regional wireless phone company, for $944 million in cash, a price that is more than double Centennial’s stock market value.
AT&T is locked in a fierce battle with Verizon Wireless to dominate the nation’s cellphone service business. Verizon surged past AT&T as the [...]