CINGULAR COMPLETES MERGER WITH AT&T WIRELESS; CREATES NATION'S LARGEST CARRIER

New Cingular to serve 46 Million Customers With Largest Digital Voice and Data Wireless Network in U.S.

Leadership Team Announced

ATLANTA - Oct. 26, 2004 - Cingular Wireless LLC, a joint venture between SBC Communications Inc. (NYSE: SBC) and BellSouth Corp. (NYSE: BLS), said it has completed its previously announced merger with AT&T Wireless Services Inc., creating the nation's biggest wireless carrier with the largest digital voice and data network in the country. The newly combined company, with more than 46 million customers and an extensive nationwide network, will offer consumers maximum convenience and flexibility, improved reliability, enhanced call quality and the widest array of new and advanced services.

"It's a new day for wireless customers in America. We are committed to improving the wireless experience and giving customers the coverage, the phones, the capabilities and the call clarity they deserve," said Stan Sigman, president and CEO of Cingular. "We are also committed to expanding our high-speed Third Generation services to the ever-growing community of mobile data users. And Cingular is laying the foundation to enable rural carriers to bring 3G services to rural America."

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