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AT&T to acquire wireless operations of North State CommunicationsDec 21, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- AT&T, Inc., a provider of telecommunications services, has agreed to acquire wireless operations of North State Communications, a data communications and entertainment company, for a cash consideration of $23.5 million. Both the companies are based in the US. Charlesmead Advisors, LLC is acting as financial advisor to North State in the transaction. The transaction is expected to close within the first half of 2013. Deal Value (US$ Million) 23.5 Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2012-12-20 Deal Participants Target (Company) North State Communications - Wireless Operations Acquirer (Company) AT&T, Inc. (formerly SBC Communications, Inc.) Vendor (Company) North State Communications Deal Rationale The divestment will enable North State to strengthen its broadband business and to expand the company's data center operations. |