AT&T buys BellSouth for $67 billion

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AT&T buys BellSouth for $67 billion

BREAKING! - AT&T to buy BellSouth for $67 billion. AT&T will soon be the big Ma Bell it once used to be. Ah yes, the glory days of a monopolistic telecom industry. The "Cingular" brand will also be phased out as part of this deal (in favor of te AT&T brand). Verizon, a competitor will be certainly be dwarfed as a result of this huge deal.

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