AT&T’s Centennial purchase nears completion

14 Oct 2009

AT&T’s purchase of US and Puerto Rican telecoms operator Centennial Communications has been given approval by the US Justice Department on condition the giant divests certain properties, Bloomberg reports. The USD944 million deal, which still requires approval from the Federal Communications Commission (FCC), was agreed in November 2008, but projections for the acquisition’s closing date have been repeatedly put back as the FCC has probed AT&T about its 23.4% stake in America Movil (AM), the Latin American powerhouse which owns the largest fixed line and mobile operators in Puerto Rico. AT&T is already present in Puerto Rico, where it is the island’s second largest wireless operator by subscribers, behind AM’s Claro. Centennial this week released its results for its fiscal first quarter ended August, showing that it has 1.057 million wireless customers – 633,000 in the US and 424,000 in Puerto Rico, where it also reported 108,000 fixed switched access lines and 681,000 ‘dedicated access line equivalents.’

Puerto Rico, United States, AT&T, Centennial Communications, Centennial de Puerto Rico (AT&T)