Currently, AT&T Wireless Services and BT have a partnership that holds approximately 34% interest in Rogers Wireless. AT&T Wireless is acquiring BT’s entire interest in the partnership for approximately $380 million in an all-cash transaction.

Our strategy is to be the preeminent wireless carrier in North America and this deal assures a best-in-class footprint in Canada, said John D. Zeglis, chairman and CEO, AT&T Wireless, in a statement to the press. We’re committed to offer seamless service to businesses with cross-border operations as well as to individual customers who travel between the US and Canada.