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AT&T to Acquire Alltel Assets for $780 Million

Jan 22, 2013, 9:21 AM by Eric M. Zeman

AT&T today announced that it has agreed to purchase Atlantic Tele-Network's Alltel assets for a total of $780 million. The agreement includes wireless spectrum licenses in the 700, 850, and 1900MHz bands, network assets, retail stores, and 585,000 subscribers. Alltel Wireless was purchased by Verizon Wireless in 2008. As part of the acquisition, Verizon was required by the Federal Communications Commission to divest some assets. AT&T picked up some of those assets and Atlantic Tele-Network picked up the rest. Atlantic Tele-Network continued to run those assets under the Alltel brand across portions of six states, covering some 4.6 million POPs. AT&T is now hoping the FCC will allow it to purchase those assets from Atlantic Tele-Network. The deal, which is subject to regulatory approval, is expected to close during the second half of the year.

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Tofuchong

Jan 22, 2013, 9:59 AM

Just what AT&T needs

More spectrum they will never use. I just had a look at the FCC website and looked at the spectrum holdings of all the major carriers. As far as AT&T goes - WOW do they have LOTS of spectrum that isn't being used. I also checked T-Mobile, and from what I can see, they only have ONE SINGLE LICENCE for spectrum that is not being used.

Stark contrast between the two.

Zpike

This is what big greedy companies do. They buy up stuff they never intend to use just so no one else can. Eventually if they control all the resources they can dictate the market. How else do you expect a pseudo-capitalist socialistic big government m...
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T Bone

at&t has a spectrum shortage, which is why their rollout of LTE has been so ridiculously, absurdly slow.

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