Printed from http://www.electronista.com

AT&T acquires remaining Alltel assets from ATNI for $780M

updated 11:21 am EST, Tue January 22, 2013

Leftovers of Verizon acquisition cover six states, includes spectrum licenses

AT&T has made an agreement with Atlantic Tele-Network Incorporated to acquire its rural wireless business. The purchase of Alltel will cost AT&T $780 million, but it will net the carrier a number of wireless properties, retail locations, network equipment, an extra 585,000 existing subscribers, and also wireless licenses.

The purchase effectively consists of assets owned by Alltel that were not included in Verizon's acquisition at the start of 2009, due to a requirement by federal regulators for Verizon to divest itself of 105 of these new markets. Of these, AT&T took hold of 79, while ANTI took 26 of them. The acquisition will see AT&T control the Alltel network in Georgia, Idaho, Illinois, Ohio, North Carolina, and South Carolina. The spectrum licenses, covering bands in the 700MHz, 850MHz, and 1900MHz ranges are "largely complimentary to AT&T's existing network," according to a company statement, and it expects that the conversion from the CDMA-only network to GSM, HSPA and LTE will not hurt cash flow significantly.

The deal is subject to review by the FCC and the Department of Justice, and is expected to close in the latter half of 2013.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Tylt Energi 2K Travel Charger

Backup batteries and device chargers are objects that many users take for granted. They often only one-dimensional in functionality, r ...

ActvContent Sync Smartband

Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

RocketStor 6324L Thunderbolt 2 eSATA bridge

Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

Sponsor

toggle

Most Commented

 
toggle

Popular News