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AT&T to acquire Alltel operations for $780 million |


ATT has announced that it plans to acquire Alltel’s US operations for $780 million. Alltel, which was largely swooped up by Verizon a few years back, has around 585,000 remaining subscribers. In addition to licenses and retails stores, ATT will pick up all of the remaining wireless assets from Alltel if the deal goes through. The Alltel network still covers over 4.6 million users in states such as Idaho, Illinois, Ohio and Georgia. Check out the full press release below for more.


Press Release 

Atlantic Tele-Network, Inc. ATNI +1.50% , a telecommunications service provider to rural, niche and other under-served markets, today announced it has agreed to sell its domestic retail wireless business operated under the Alltel name by ATN’s subsidiary Allied Wireless Communications Corporation (“Allied”). ATT will purchase the operations in an all-cash transaction valued at approximately $780 million.

Allied, based in Little Rock, Arkansas, serves approximately 585,000 customers

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