DocMemory
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Saturday, October 25, 2014
Memory Industry News
Email ArticlePrinter Format PreviousNext

AT&T to acquire Alltel assets


Tuesday, January 22, 2013

AT&T announced today that it has signed a deal with Atlantic Tele-Network, Inc. (ATNI) to acquire the companyís Alltel US retail wireless operations for $780 million in cold, hard cash. The agreement includes the acquisition of Alltelís wireless properties, such as licenses, network assets, retail stores, and almost 600,000 subscribers.

The news comes just two days before AT&T will be releasing its fourth-quarter results. The bulk of Alltelís assets and subscribers were acquired initially by Verizon four years ago, and the companyís left-over assets and wireless subscribers will be picked up by AT&T. Of course, though, the merger must be approved by regulators before it becomes official.

ATNI operates under the Alltel name in the US, and its network covers around 4.6 million people in mostly-rural areas throughout six states: Georgia, Idaho, Illinois, North Carolina, South Carolina, and Ohio. The acquisition will include spectrum that will fit right in with AT&Tís existing network, but since Alltel runs on CDMA, customers will need to be upgraded to GSM once the merger is complete.

AT&T hopes that Alltel customers and existing AT&T customers who roam in these areas will get better coverage. Again, the acquisition must be reviewed and approved by the Federal Communications Commission and the Department of Justice, with an expected approval coming in the second half of this year some time.

 

By: DocMemory
Copyright © 2013 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Amazon take $170 million write down on phones10/24/2014
Google setup store to promote modular handset project 10/24/2014
Record DRAM profit at Hynix10/24/2014
Eurozone survey confirms recession fear10/24/2014
Semi Book-to-Bill drops10/23/2014
Demand on test equipment increased with DDR4 validation activities10/23/2014
Is it time to raise the minimum wage ?10/23/2014
Is your iCloud secure?10/23/2014
Hynix to sample DDR4 non-volatile Hybrid DIMM10/22/2014
Samsung DDR4 chip scales up to 8Gb 10/22/2014

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2014 CST, Inc. All Rights Reserved