Printed from http://www.electronista.com

AT&T to buy remainders of Alltel assets? [U]

updated 04:45 pm EDT, Fri May 8, 2009

ATT May Buy Alltel Assets

(Update at end with official information) AT&T is nearing buying up most of the markets Verizon has to shed from Alltel as part of its buyout, purported sources said on Friday. Of the 24 areas that won't be rolled into Verizon's network, AT&T is believed to be buying 18 and would leave the remaining six for smaller carriers as well as private equity firms. It's not known how close a deal may be.

The news arrives just a few days after Verizon pressed for a two-month extension on the deadline for finding companies to take the load and after Verizon officially reported itself as the largest cellular carrier in the US with 86.6 million cellphone users. Acquiring some of these Alltel regions would help AT&T close the gap as well as give it better coverage of the US south and southeast, where Alltel had the widest coverage, as well as smaller regions elsewhere in the country.

Update: AT&T has confirmed the deal, worth $2.35 billion, and will acquire about 1.5 million new customers as part of the transaction. The carrier also says it's divesting five assets of its own to Verizon from Louisiana and Mississippi as part of its previous deal to buy Centennial Communications.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. pairof9s

    Mac Enthusiast

    Joined: Jan 2008

    0

    Gosh, I hope so!!

    "Acquiring some of these Alltel regions would help AT&T close the gap as well as give it better coverage of the US south and southeast, where Alltel had the widest coverage..."

    AT&T's coverage of areas here in S.C. is awful. I'm talking about losing coverage going down an Interstate highway on relatively flat landscape! You'd think a company born from BellSouth would not have this issue.

    I've thought about to switching to Alltel based on recommendations from satisfied friends and pirate my 1G iPhone.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Sponsor

toggle

Most Commented

 
toggle

Popular News