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Cingular’s deal to sell its Mobitex network to Cerberus Capital has closed, and the newly independent company is now called Velocita Wireless. In an accompanying press release the company said it will focus on providing wireless data services to four key vertical markets (EFT-POS, telemetry, AVL and telematics, and field force automation), offering messaging and [...]
Both the Justice Department and FCC have given their approval to the Cingular-AT&T Wireless merger. The FCC gave its preliminary approval last week, Justice’s anti-trust division filed its approval yesterday, and this morning the FCC gave its formal nod.
The approvals contain certain conditions, mostly relating to the merged company divesting itself of certain assets including [...]