AT&T Wireless Spin-Off Near

By eweek  |  Posted 2001-07-02

AT&T is moving forward with its controversial plan to break up the company, starting with spinning off its wireless arm on July 9. Analysts dont expect many surprises as the new stock, which had been listed previously as a tracking stock on the New York Stock Exchange, hits the market.

While the solo unit might seem a likely candidate for an acquisition, some analysts think that NTT DoCoMos 16 percent stake in AT&T Wireless will dissuade other suitors. "NTT could buy them out, but thats not usual for NTT, which likes to take stakes but not operate," said Todd Bernier, an analyst at Morningstar.

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