Cingular Offers to Buy AT&T Wireless



Here is the news that we’ve been hearing rumors about:

NEW YORK (Reuters) – Cingular Wireless has made a formal offer to buy AT&T Wireless Services Inc. (NYSE:AWE – news), in a move that would create the largest wireless service in the United States, a source familiar with the matter said on Tuesday.

It will probably take some time to find out the exact sum, but sources say that Cingular is offering cash.  Things could get quite interesting.