AT&T NOTIFIES SEC OF ITS INTENT TO MAKE STOCK AVAILABLE FOR WIRELESS GROUP THIS SPRING
AT&T has announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) for the initial public offering of AT&T Wireless Group tracking stock. The stock is designed to reflect the economic performance of all of AT&T’s wireless services businesses, including voice and data mobility, fixed-wireless and ownership interests in domestic and international wireless operators. The Wireless Group stock will trade as a “letter” or “tracking stock.” The company says it will hold a shareholder meeting in March where shareowners will vote on amendments to AT&T’s charter to create the AT&T Wireless Group tracking stock. The company intends to conduct an initial public offering of the stock in the spring, following the shareholder vote.
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