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Alltel was a landline, wireless and general telecommunications services provider, primarily based in the United States. Before its wireless division was acquired by Verizon Wireless and AT&T, Alltel provided cellular service to 34 states and had approximately 13 million subscribers.
Jun 5, 2008 · Verizon Wireless announced a cash merger with Alltel Corporation in June 2008, expanding its network coverage, spectrum and customer base. The transaction was completed by the end of the year, subject to regulatory approvals, and created an enhanced platform for reliable wireless services.
Jun 5, 2008 · A 2008 news article about Verizon Wireless' $28 billion deal to buy Alltel Corp., the No. 5 wireless-phone company in the U.S. The deal would create the largest mobile-phone company in the U.S. and face regulatory scrutiny.
Jan 9, 2009 · Verizon Wireless paid $5.9 billion for the equity of Alltel and divested some markets to comply with regulatory approval. The acquisition expanded Verizon Wireless’ network coverage to 290 million people and increased its customers by 12.9 million.
May 21, 2007 · TPG and the private-equity arm of Goldman Sachs on Sunday night agreed to purchase US wireless operator Alltel for about $27.5bn, the Wall Street Journal reported on its website, citing people ...
- Gwen Robinson
Equity Firms to Buy Alltel in $27.5 Billion Deal. The wireless phone company agreed Sunday night to the largest buyout ever in the telecommunications industry.
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Nov 4, 2008 · Alltel has long been a roaming partner with Verizon and operates in nearly 60 markets where Verizon does not. Both carriers use CDMA air interface technology and Qualcomm's BREW platform for content delivery. Similar to Verizon, Alltel plans to migrate to Long Term Evolution (LTE) technology for 4G.
