AT&T going to acquire Dobson Communications for $2.8 billion in cash

AT&T going to acquire Dobson Communications for $2.8 billion in cash

US based telecom giant AT&T has stated that they are going to acquire rural wireless provider Dobson Communications Corp.

The deal is worth around USD 2.8 billion and would be conducted in a cash transaction. However, if we include the debt, the deal is worth a total of about USD 5.1 billion.

This acquisition would add up about 1.7 million customers to AT&T’s nearly 62 million. The US market is largely saturated and the only way telecom companies can gain customers is buy acquiring rivals or getting people to convert from other service providers to them.

Dobson Communications is based in Oklahoma and does business under the Cellular One brand in rural and suburban markets.

They have a presence in 17 states and has provided roaming services to AT&T since 1990. Dobson’s Chairman Everett Dobson looked at another bright aspect of this acquisition. He said that the acquisition by AT&T is the only way Dobson’s customers could get access to the device.