SBC, one half owner of Cingular Wireless, announced today that expenses related to integrating Cingular with AT&T Wireless will outweigh the savings until 2007.
In the filing, SBC says while some savings from the merger will appear this quarter, more significant savings will not occur until late 2005. It says those savings will come from cuts in several areas, including staff and equipment spending.
Shares of SBC were up .5% for the day.