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CWA Backs Cingular Bid for AT&T Wireless
CWA is supporting Cingular Wireless's bid to buy AT&T Wireless, calling the pairing "an excellent match that will benefit shareholders of both companies."
With the possibility of rival bids for AT&T Wireless, "CWA will urge the half-million CWA members and retirees who hold AT&T Wireless stock, as well as major pension funds and investment groups, to support a deal with Cingular," said CWA President Morton Bahr.
"This is the only potential merger that creates the necessary scale to compete in the U.S. wireless marketplace," he stated. "Cingular's bid promises a clean, one-step transaction that will receive speedy regulatory approval."
Cingular's principal competition in the bid for AT&T Wireless is Vodaphone, a British company which owns a 45 percent share of Verizon Wireless. Vodaphone was expected to make an offer on Feb. 13.
CWA represents about 21,000 workers at Cingular.
With the possibility of rival bids for AT&T Wireless, "CWA will urge the half-million CWA members and retirees who hold AT&T Wireless stock, as well as major pension funds and investment groups, to support a deal with Cingular," said CWA President Morton Bahr.
"This is the only potential merger that creates the necessary scale to compete in the U.S. wireless marketplace," he stated. "Cingular's bid promises a clean, one-step transaction that will receive speedy regulatory approval."
Cingular's principal competition in the bid for AT&T Wireless is Vodaphone, a British company which owns a 45 percent share of Verizon Wireless. Vodaphone was expected to make an offer on Feb. 13.
CWA represents about 21,000 workers at Cingular.