According t an article at Reuters, at&t says it will buy Dobson communications for 2.8 billion dollars USD. Dobson Communications is best known as Cellular One.

at&t says it wants to expand its service to more rural and suburban areas of the US.

Under the deal Dobson Communications share holders will receive 13 dollars per share.  AT&T said the deal will expand its geographic coverage. Dobson’s network covers rural and suburban areas in Alaska, Arizona, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, Missouri, New York, Ohio, Oklahoma, Pennsylvania, Texas, Virginia, West Virginia and Wisconsin.
There are currently 1.7 million Dobson communications subscribers.

If you guys remember last month alltel accepted a 25 billion dollar USD takeover bid from Goldman Sachs. $71.50 per share.