There was a bit of Alltel
left over after the Verizon
Wireless acquisition back in 2009
, and now AT&T
is gobbling up the rest. AT&T announced that it will purchase Alltel and its licenses, network assets, retail outlets, and subscribers (such as they are, at 585,000 people) for $780 million.
Alltel operates in Georgia, Idaho, Illinois, North Carolina, Ohio, and South Carolina, covering mostly rural areas on the 700MHz, 850MHz, and 1900MHz bands. For AT&T, this means expanded coverage for its users in areas with a total of 4.6 million potential customers.
The deal, of course, must be approved by the FCC
and Department of Justice before it goes through; assuming there are no regulatory hiccups to deal with, the process is expected to be complete in the second half of this year.