Home AT&T to acquire rest of Alltel for USD 780 mln
 

Keywords :   


AT&T to acquire rest of Alltel for USD 780 mln

2013-01-22 20:54:00| Telecompaper Headlines

(Telecompaper) AT&T has signed an agreement with Atlantic Tele-Network (ATNI) to acquire the company's US retail wireless operations, operated under the Alltel brand for USD 780 million in cash. Under the terms of the agreement, AT&T will acquire wireless properties, including licenses, network assets, retails stores and approximately 585,000 subscribers. 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 integration costs for network conversion from CDMA will not result in significant dilution to EPS or impact to cash flow. The transaction is subject to review by the Federal Communications Commission and the Department of Justice and to other customary closing conditions and is expected to close in the second half of the year.

Tags: rest usd att acquire

Category:Telecommunications

Latest from this category

All news

»
14.11adidas
14.11 BOX
14.11PSA10 2
14.11/////HE-710
14.11 TC-HELICON VOICELIVE PLAY
14.11XS
14.11ONE PIECE
14.11
More »