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| | CNN.com - Cingular, Vodafone battle for AT&T - Feb. 13, 2004 |
 | | But analysts and traders said AT&T Wireless had no reason to rush and may wait until its self-imposed Feb. 29 deadline, especially since the two suitors may return in the coming days with sweetened offers if they realize they were outbid. |
 | | In January, AT&T Wireless lost nearly 4 percent of its customers and saw its operating income fall more than 20 percent from a year ago, sources close to the situation have said. |
 | | "Cingular is betting on cost synergies, particularly the opportunity to work on redundant infrastructure overhead, while Vodafone is betting on economies of scope, trying to apply the same aggressive recipe they have used in Europe to the U.S.," Katz added. |
| cnn.com /2004/BUSINESS/02/13/vodafone.cingular.att.reut/index.html (688 words) |
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