AT&T Buys More Alltel Operations For $780 Million 28
adeelarshad82 writes "AT&T has purchased the U.S. retail wireless operations of Atlantic Tele-Network Inc. (ATNI) for $780 Million. Alltel operates under the Alltel brand in several markets. The acquisition includes wireless properties, licenses, network assets, retail stores, and about 585,000 subscribers. It also includes spectrum in the 700 MHz, 850 MHz, and 1900 MHz bands, and that's likely the big draw as the carrier continues to build out its 4G LTE network. If the deal is approved by the FCC and Justice Department, AT&T expects it to close in the second half of 2013."
Re:Competition (Score:5, Informative)
AT&T bought the part that the government said Verizon couldn't buy
verizon had to sell off a lot of alltel markets and AT&T bought them up
Re:Competition (Score:5, Informative)
verizon bought alltel a few years back
the US government identified 70-80 markets where verizon would hold a monopoly and told them they couldn't have them
these markets and customers were put into a new company whose ticker symbol is ATNI
AT&T is now buying these customers