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AT&T Wireless completes TeleCorp sale

REDMOND, Washington, United States—AT&T Wireless Services completed its all-stock acquisition of the 77-percent of TeleCorp PCS it did not already own. The deal involved AT&T Wireless issuing approximately 146 million additional common shares and assuming US$2.1 billion in net debt and approximately US$221 million in preferred securities.

Simultaneous with the transaction closing, NTT DoCoMo purchased 26.3 million shares of AT&T Wireless consistent with its rights to maintain a 16-percent equity interest in the U.S. carrier.

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