US mobile carrier AT&T has made another acquisition, this time it is the US retail wireless business of Alltel, and the deal is reported to be worth around $780 million US dollars.
The deal means that AT&T will acquire Alltel’s wireless properties, network assets, around 585,000 subscribers and licenses, and AT&T are hoping the deal will improve its coverage in rural areas.
ATNI operates under the Alltel name in the U.S., and its network covers approximately 4.6 million people in primarily rural areas across six states — Georgia, Idaho, Illinois, North Carolina, Ohio and South Carolina. The acquisition includes spectrum in the 700 MHz, 850 MHz and 1900 MHz bands and is largely complementary to AT&T’s existing network. ATNI currently operates a retail CDMA network for its subscribers in these areas. AT&T expects that as it upgrades the network, ATNI customers and existing AT&T customers who roam in these areas will enjoy an enhanced mobile Internet experience.
Source The Next Web