The story
Formed in the 1920s, Dobson Communications originally operated a small wireline telephone network in Oklahoma. Over 70 years, Dobson evolved to become the nation's largest independent rural wireless provider to expand operations into 60 markets, following acquisitions over the last 10 years.
On June 29, 2007 AT&T Inc. announced that they had reached an agreement to purchase Dobson Cellular division. The closing price was US$2.8B or US$13 per share. AT&T also agreed to assume the outstanding debt of US$2.3B.
The sale completed on November 15, 2007, with market transition beginning December 9, 2007. The Cellular One brand name was sold to Trilogy Partners in February 2008.
The Federal government prevented AT&T from taking certain Dobson markets In Texas, Oklahoma, and Kentucky along the Ohio border and the I-75 corridor, due to the potential monopoly this would create in this area. After placing these markets in a trust for one year, the Kentucky markets were sold to Verizon Wireless in November 2008 with market transition to be completed by November 2009, and the others, TX-10 and OK-5, were sold to affiliates of MTPCS, LLC, which concurrently adopted the Cellular One brand under a license agreement with Trilogy Partners.
From Wikipedia’s article on Dobson Cellular, shared under CC BY-SA 4.0.3