AT&T to Boost Coverage in Rural Areas with $780M Alltel Acquisition

rated by 0 users
This post has 1 Reply | 0 Followers

Top 10 Contributor
Posts 24,882
Points 1,116,775
Joined: Sep 2007
News Posted: Tue, Jan 22 2013 11:33 AM
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.

Alltel HQ
Alltel HQ

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.
  • | Post Points: 20
Top 10 Contributor
Posts 4,796
Points 45,500
Joined: Feb 2008
Location: Kennesaw
rapid1 replied on Tue, Jan 22 2013 1:16 PM

I think this is a good idea for them to have more coverage area. Metro areas are covered primarily everywhere in the country so it would seem for any aspiring company having more rural coverage is the only place to go that there is still a decent amount of growth in.

 Machine name: rapid1
 Operating System: Windows 7 Ultimate 64-bit (6.1, Build 7600) 
 System Model: Gigabyte X58A-UD5
 Processor: Intel(R) Core(TM) i7 CPU         930  @ 2.80GHz (8 CPUs), ~3.6GHz
 Memory: Kingston 6144MB RAM
  • | Post Points: 5
Page 1 of 1 (2 items) | RSS