AT&T

Investor's Business Daily

AT&T (NYSE:T)rose 0.5% after announcing Sat. that it will pay $780 mil for Atlantic Tele-Network's (ATNI) U.S. retail wireless business. AT&T will add about 585,000 "Alltel" customers in 6 Midwestern and Southern states. It doesn't expect the deal to significantly dilute EPS. Atlantic Tele-Network shares soared 12.3% after hitting a 2-year high intraday.

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