AT&T Acquires Alltel’s US Wireless Operations for $780 Million


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.

AT&T

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