Tech content trusted by users in North America and around the world
6,793 Reviews & Articles | 46,920 News Posts
TRENDING NOW: AMD rumored to launch its dual-GPU next month, the Radeon R9 Fury X2

AT&T to acquire Alltel assets for $780 million

ATNI and AT&T strike deal over Alltel for $780 million
| Business, Financial & Legal News | Posted: Jan 22, 2013 5:49 pm

This morning AT&T announced that it has signed an agreement with Atlantic Tele-Network to acquire the company's Alltel holdings for $780 million. The acquisition lands AT&T 585,000 new paying customers, some spectrum space, licenses, and all the Alltel retail locations.




In 2008 Alltel was previously scooped up by AT&T rival Verizon which was ordered to divest subscribers in 105 markets where the US government feared Verizon may grow too large. AT&T had previously secured 79 of those markets with ATNI landing just 26. Today's approval lands AT&T the full 105 markets once owned by Verizon.


AT&T gains spectrum in the 700MHz, 850MHz and 1.9GHz ranges. The big issue lies in Alltel being a GSM carrier, meaning existing customers will have to be "transitioned" to new phones working on ATT's GSM, HSPA and LTE networks. Pending a review by the FCC and Justice Department, the deal should finalize sometime later this year.


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases