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SAN ANTONIO (AP) - AT&T Inc., the nation's largest wireless carrier, agreed Friday to acquire rural wireless provider Dobson Communications Corp. for $2.8 billion in cash.
The offer of $13 per share adds about 1.7 million customers to AT&T's nearly 62 million at a time when some analysts have questioned how much larger carriers can grow in a U.S. wireless market that is saturated.
The offer represents a 17 percent premium over Dobson's closing price Friday of $11.11 in trading on the Nasdaq Stock Exchange. Including debt, the deal is worth a total of about $5.1 billion.
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