- The transaction will enhance AT&T's wireless coverage for customers in largely rural areas of the Midwest and Southeast United States and in Puerto Rico and the U.S. Virgin Islands. With the addition of Centennial's wired network in Puerto Rico, AT&T will also be able to better serve the company's business customers who operate there.
- As a result of the acquisition, Centennial's 1.1 million wireless subscribers -- many of them in rural areas -- will have access to the wireless network with the best global coverage and to the nation's premier lineup of innovative wireless devices, including iPhone 3G, an AT&T exclusive
- Under terms of the agreement, Centennial stockholders will receive $8.50 per share for a total equity price of $944M. Including net debt, the total enterprise value is approximately $2.8B AT&T expects the proposed transaction to deliver significant value to its stockholders

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