Posted on 23-Jan-2004 07:36
Filed under: News
With so many rumours of AT&T Wireless being sold to so many different mobile carriers, the AT&T Wireless board decided to issue a press release where it explains the strategic direction traced for it. The Board of Directors has decided to explore the company’s strategic alternatives.
AT&T Wireless said significant interest from a number of other companies, as well as global and domestic industry dynamics, led to the Board’s decision. However, the company noted there can be no assurance that any transaction will occur. The Board will consider the company’s options and determine the course of action that is in the best interests of its shareholders. The company said Merrill Lynch & Co. and Wachtell, Lipton, Rosen & Katz have been retained as advisors to the Board in the evaluation.
In light of this announcement, AT&T Wireless has postponed its annual analyst meeting, which was scheduled for 27 January 2004 in New York City. The company said the analyst meeting will be rescheduled at a later date as appropriate.