AT&T To Acquire Remainder Of Alltel For $780 Million
AT&T will be acquiring what’s left of Alltel after coming to an agreement with Atlantic Tele-Network, Inc. Alltel is ATNI United States retail wireless operation, which has approximately 585,000 subscribers. The agreement allows AT&T to acquire properties that include licenses, network assets and retail stores for $780 million in cash.
Currently Atlantic Tele-Network, Inc. covers about 4.6 million people in primarily 6 states across the country that are Georgia, Idaho, Illinois, North Carolina, Ohio and South Carolina.
This is a good purchase for AT&T as ATNI spectrum in the 700 MHz, 850 MHz and 1900 MHz bands are complementary to AT&T’s existing network. Alltel users can expect significant network upgrades and existing AT&T customers who have roaming issues in these areas will be able to take advantage of the enhanced mobile Internet experience. The deal is expected to close in the second half of 2013.