Item 8.01 Other Events.
On November 7, 2008, the registrant AT&T Inc. ("AT&T") announced plans to
acquire Centennial Communications Corp. (Centennial), a regional provider of
wireless and wired communications services, for $944 million in cash. Under the
terms of the agreement, Centennial shareholders would receive $8.50 per share
for a total equity price of $944 million. Including net debt, the total
transaction would be valued at approximately $2.8 billion. The acquisition is
subject to regulatory approval, the approval of Centennial's shareholders and
other customary closing conditions. AT&T expects to obtain approvals by the end
of the second quarter of 2009.
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