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AT&T Wireless plans for proceeds

NEW YORK-AT&T Wireless Group Inc. said it would use most of the $6.5 billion the company raised in its recent bond offering, in conjunction with the $6.2 billion it received from NTT DoCoMo Inc., to build its network and invest in advanced wireless technology.

AT&T Wireless also said it is still on track to be spun off from AT&T Corp. by mid-year.

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