AT&T, AT&T Wireless, and Cingular Strike Branding Accord
23 Août 2004 - 11:01PM
PR Newswire (US)
AT&T, AT&T Wireless, and Cingular Strike Branding Accord
Brand transition plan in place for Cingular acquisition of AT&T
Wireless, AT&T to sell network services to combined wireless
carrier REDMOND, Wash., BEDMINSTER, N.J., and ATLANTA, Aug. 23
/PRNewswire/ -- AT&T (NYSE:T), AT&T Wireless (NYSE:AWE),
and Cingular Wireless today announced they have resolved issues
relating to the use of the AT&T brand in connection with
Cingular's acquisition of AT&T Wireless. The agreement the
parties have reached also includes a provision for the purchase of
AT&T network services. The three companies have modified the
brand license agreement between AT&T and AT&T Wireless to
clarify the use of the AT&T brand by AT&T Wireless and
Cingular in connection with the merger in an effort to minimize
customer confusion. In addition, AT&T and AT&T Wireless
have also addressed and clarified certain brand-related issues.
They expect the licensing agreement to remain in effect through the
closing of AT&T Wireless' merger with Cingular and for six
months beyond it. During a six-month transition following the
merger, Cingular will have certain licensee rights to the AT&T
brand for wireless services. Cingular intends to use its own brand
for the new combined company following its acquisition of AT&T
Wireless, and it will cease using the AT&T brand at the end of
the transition period. The deal also modifies the terms of
separate, current agreements between AT&T and AT&T Wireless
that involve the purchase of AT&T network services. Under the
terms of the new accord, a portion of the agreement under which
AT&T provides services to AT&T Wireless has been modified
and extended for up to 17 months. AT&T will provide the
combined Cingular/AT&T Wireless with international long
distance, private line services, and corporate telecommunications
services. This represents a commitment of $100 million to AT&T,
the companies noted. About AT&T Wireless AT&T Wireless
(NYSE:AWE) is the second-largest wireless carrier, based on
revenues, in the United States. With 21.737 million subscribers as
of June 30, 2004, and revenues of more than $16.8 billion over the
past four quarters, AT&T Wireless delivers advanced
high-quality mobile wireless communications services, voice and
data, to businesses and consumers, in the U.S. and internationally.
About AT&T For more than 125 years, AT&T (NYSE:T) has been
known for unparalleled quality and reliability in communications.
Backed by the research and development capabilities of AT&T
Labs, the company is a global leader in local, long distance,
Internet and transaction-based voice and data services. About
Cingular Wireless Cingular Wireless, a joint venture between SBC
Communications (NYSE:SBC) and BellSouth (NYSE:BLS), serves more
than 25 million voice and data customers across the United States.
A leader in mobile voice and data communications, Cingular is the
only U.S. wireless carrier to offer Rollover(SM), the wireless plan
that lets customers keep their unused monthly minutes. Cingular is
the largest provider of GSM services in the United States, and has
a 100 percent digital GSM/GPRS footprint across its service area.
It also launched the world's first commercial deployment of
wireless services using Enhanced Data rates for GSM Evolution
(EDGE) technology. Cingular also provides corporate e-mail and
other advanced data services through its GPRS, EDGE and Mobitex
packet data networks. Details of the company are available at
http://www.cingular.com/ . Forward-Looking Statements This press
release contains "forward-looking statements" which are based on
management's beliefs as well as on a number of assumptions
concerning future events made by management with information that
is currently available to management. Forward-looking statements
may include, without limitation, management's expectations
regarding: our future financial and operating performance and
financial condition, including the company's outlook for the fiscal
year 2004 and subsequent periods; the outcome of our pending
transaction with Cingular; subscriber growth; industry conditions;
the strength of our balance sheet; our liquidity and needs for
additional financing; and our ability to increase revenue, margins
and operating free cash flow. Readers are cautioned not to put
undue reliance on such forward-looking statements, which are not a
guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside AT&T
Wireless' control, that could cause actual results to differ
materially from such statements. Without limitation these factors
include: the risks associated with the implementation of our
technology migration strategy, uncertainty concerning the effects
of our pending transaction with Cingular, our ability to continue
to reduce costs and increase the efficiency of our distribution
channels, the potential competitive impacts of industry
consolidation or alternative technologies, potential impacts on
revenue and ARPU from competitive pricing and slowing penetration
in the wireless industry, the effects of vigorous competition in
the markets in which we operate, the risk of decreased consumer
spending due to softening economic conditions, acts of terrorism,
and consumer response to new service offerings. For a more detailed
description of the factors that could cause such a difference,
please see AT&T Wireless' filings with the Securities and
Exchange Commission, including the information under the heading
"Additional Factors That May Affect Our Business, Future Operating
Results and Financial Condition" and "Forward Looking Statements"
in its quarterly report on Form 10-Q filed on August 6, 2004.
DATASOURCE: Cingular Wireless CONTACT: Mark Siegel of AT&T
Wireless, +1-908-696-4218, or wireless, +1-646-256-1277, or ; or
Andy Backover of AT&T, +1-908-234-8632, or wireless,
+1-908-432-2487, or ; or Clay Owen of Cingular Wireless,
+1-404-236-6153, or wireless, +1-404-538-0124, or Web site:
http://www.cingular.com/
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