AT&T to close Centennial purchase in 3Q

AT&T and Centennial Communications have announced in a joint statement that they anticipate the pending acquisition of Centennial by AT&T to be completed during the third quarter of this year, assuming timely satisfaction or waiver of all remaining closing conditions. In November 2008, the two companies entered into an agreement for AT&T to acquire Centennial’s US and Puerto Rican mobile, broadband and fixed line operations. The acquisition was approved by Centennial’s shareholders in February 2009 but remains subject to approval by the Department of Justice and the Federal Communications Commission as well as other customary closing conditions.