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Friday, the FCC approved SBC and BellSouth's proposal to create the nation's second largest wireless carrier. Now, I have checked out both official sites (SBC and BLS) and can find out nothing about the shareholders -- what do we get -- another stock? Does anyone know if there is to be an IPO, a spin-off, or what?

The venture, previously announced in April, will have about 18 million subscribers, according to this morning's paper. There are conditions: they need to divest interest in certain areas of Louisiana, Indiana and California. Their new name will be announced next week.
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