AT&T to Purchase Remaining Alltel Assets for $780 Million in Cash

AT&T to Purchase Remaining Alltel Assets for $780 Million in Cash

AT&T has just announced its agreement with Atlantic Tele-Network, Inc. (ATNI) to acquire the company’s Alltel retail operations for $780 million in cash. For its end of the deal, AT&T will be picking up spectrum, licenses, retail locations, and most importantly 585,000 new souls. Um… Subscribers.

AT&T_logo

The Verge

Essentially, the carrier is purchasing the remaining Alltel assets that the US government ordered rival Verizon to divest in 2008. After Verizon’s own buyout of Alltel, federal regulators demanded it divest subscribers in 105 markets where it was feared Big Red could become too dominant. AT&T had already secured 79 of those markets while ATNI made away with 26. But assuming today’s acquisition gains approval, AT&T will own all of it.

AT&T gains spectrum in the 700 MHz, 850 MHz and 1900 MHz bands. Alltel’s network is CDMA-based however, meaning customers will need to be “upgraded” (AT&T’s term, not ours), to GSM, HSPA, and AT&T-compatible LTE.

The deal is subject to the usual FCC and Justice Department reviews, but if they decide the Death Star won’t get too much larger, the deal should close by the second half of 2013.

Related

  1. iWork, iMovie, and iPhoto Are Now Free With Any New iOS Device
  2. New Flashback Strain Showing Up on Macs
  3. iPhone 5 Struggles With Rapid Diagonal Scrolling
  4. Apple Publishes Official Customer Privacy Statement in Wake of PRISM Reports
  5. Developers Warn: “Don’t Upgrade to iCloud Drive on iOS 8 Until OS X Yosemite Release”
  6. iOS 7 Will be Available to the Public on September 18th
Apple Giveaways

iPhone X Giveaway

$999

Enter

MacBook Pro Giveaway

$1499.00

Enter

10.5″ iPad Pro Giveaway

$649.00

Enter

iPhone 8 Plus Giveaway

$800.00

Enter
Share