AT&T to sell rural cellular assets to buy Dobson

WASHINGTON, Oct 30 (Reuters) - AT&T (T.N) has agreed to sell assets in rural areas in five states in order to buy Dobson Communications Corp DCEL.O, the U.S. Justice Department said on Tuesday.

A consent decree reached with AT&T calls for the selling of cellular telephone businesses in rural service areas in Kentucky, Missouri, Oklahoma, Pennsylvania and Texas, the government said in a statement. The department valued the deal at $2.8 billion.