AllThingsD » Alltel Wireless http://allthingsd.com Fri, 25 May 2012 21:13:47 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 AT&T and Verizon Sitting in a Tree, D-U-O-P-O-L-Y http://allthingsd.com/20090511/att-and-verizon-sitting-in-a-tree-d-u-o-p-o-l-y/ http://allthingsd.com/20090511/att-and-verizon-sitting-in-a-tree-d-u-o-p-o-l-y/#comments Mon, 11 May 2009 13:32:35 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=17340 verizon-att-fightjpgAT&T has beaten out some 30 telecommunications carriers and private equity groups to buy the wireless spectrum and other assets that rival Verizon Communications was required to divest as a condition of its recent acquisition of Alltel Wireless. AT&T said this weekend that it will pay $2.35 billion in cash to buy licenses, network assets and some 1.5 million wireless subscribers across 18 states, mostly in rural areas. “Wireless continues to be AT&T’s greatest growth driver, and this transaction will complement our existing network coverage, particularly in rural areas,” said Ralph de la Vega, president and CEO, AT&T Mobility and Consumer Markets. “The acquisition will add network assets, distribution channels and 850 MHz spectrum in a significant portion of the U.S., enabling even better coverage for AT&T’s subscribers in those areas.”

The deal will put AT&T (T) that much closer to parity with Verizon (VZ), which surpassed AT&T to become the largest wireless carrier after its January acquisition of Alltell. Together, the two account for about 60 percent of all U.S. cellular subscribers. 

[Image Credit: IntoMobile]

]]> http://allthingsd.com/20090511/att-and-verizon-sitting-in-a-tree-d-u-o-p-o-l-y/feed/ 1 AT&T and Verizon Sitting in a Tree, D-U-O-P-O-L-Y http://allthingsd.com/20090511/att-and-verizon-sitting-in-a-tree-d-u-o-p-o-l-y-2/ http://allthingsd.com/20090511/att-and-verizon-sitting-in-a-tree-d-u-o-p-o-l-y-2/#comments Mon, 11 May 2009 13:32:35 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=17340 verizon-att-fightjpgAT&T has beaten out some 30 telecommunications carriers and private equity groups to buy the wireless spectrum and other assets that rival Verizon Communications was required to divest as a condition of its recent acquisition of Alltel Wireless. AT&T said this weekend that it will pay $2.35 billion in cash to buy licenses, network assets and some 1.5 million wireless subscribers across 18 states, mostly in rural areas. “Wireless continues to be AT&T’s greatest growth driver, and this transaction will complement our existing network coverage, particularly in rural areas,” said Ralph de la Vega, president and CEO, AT&T Mobility and Consumer Markets. “The acquisition will add network assets, distribution channels and 850 MHz spectrum in a significant portion of the U.S., enabling even better coverage for AT&T’s subscribers in those areas.”

The deal will put AT&T (T) that much closer to parity with Verizon (VZ), which surpassed AT&T to become the largest wireless carrier after its January acquisition of Alltell. Together, the two account for about 60 percent of all U.S. cellular subscribers. 

[Image Credit: IntoMobile]

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