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AT&T to buy some Alltel assets from Verizon

AT&T to buy some Alltel assets from Verizon

Posted: 09 May 2009, 02:58, by Alan F.

Categories: AT&T AT&T Verizon Verizon Unofficial Unofficial Bookmark

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This article contains unofficial information.

AT&T to buy some Alltel assets from Verizon

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As 2009 started, we reported that Verizon Wireless was about to leapfrog AT&T to become the nation's largest cellular carrier after closing its acquisition of Alltel. The latter's 13 million subscribers added to Big Red's customers to form a company with more than 80 million users. How ironic it is now that with Verizon directed by regulators to rid itself of some of Alltel's assets, it appears that AT&T will be the buyer for the majority of them, paying Verizon $2.5 billion dollars in cash for assets in 24 different markets. When we originally passed on the news of the Alltel acquisition, we mentioned that the Feds would want Verizon to divest itself of 2 million of the accounts it acquired from the regional carrier in the $28.1 billion acquisition. After the divestiture, Verizon will remain the nation's largest cellular company and will have to, until early July, complete the sale of some of Alltel's remaining property that is still on the books.

source: WSJ

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1. The Godfather (unregistered) posted on 20 Oct 2010, 01:43 0 0

wow thanks for reporting such old news, this means nothing to VZW since a majority of these people will still chose VZW since ATT is without a favorite 5 or 10 , has terrible coverage compared to any cdma provider and they have the option to still come to the Nations largest and best.

5. sinfulta posted on 09 May 2009, 11:01 0 0

It's not that "They will choose", It's they don't really have a choice. There is several areas where CDMA really shines and there is next to no GSM coverage or it's ridiculously spotty. For instance my friend that lives in Farmington, NM says everyone has Alltel or Sprint. Go figure right? It's not the plans or incentives it's how much transition it's going to be and what's going to work good.

6. heavybreathing posted on 09 May 2009, 12:58 0 0

I have excellent coverage. 5 bars everywhere I go...and I live in a rural area.

7. vzw fanman posted on 09 May 2009, 14:11 0 0

good for you. i have terrible coverage where i live :-(. but so does at&t

2. underoath427 posted on 09 May 2009, 07:55 0 0

amen Godfather...... AMEN!!!!..... oh, and hallelujah as well.... hallelujah!

3. bigfanboyred posted on 09 May 2009, 08:59 0 0

lol! so vzw has to let go of a "few" assest... no biggy!

4. PapaJay224 posted on 09 May 2009, 10:38 0 0

yeah for a little chunk of 2.5 billion too...(sniff) (sniff) I smell a good buisness decision....I think At&t smells failure....

8. attsucks posted on 09 May 2009, 17:49 0 0

SPRINT WILL RULE. JUST WAIT.

9. Sufcc posted on 10 May 2009, 13:20 0 0

are you serious right now?...apparently losing millions every quarter is the way to success

10. heavybreathing posted on 11 May 2009, 06:11 0 0

PALM PRE FTW.

11. *HOVA* posted on 11 May 2009, 11:47 0 0

I love how you morons think AT&T is so horrible yet they are the second largest carrier by quite a bit compared to the 3rd in line. If they're SOOOOOOO terrible why the f*** do they have the 2nd largest customer base????? If I hated my service as bad as you THINK everyone does, I'd pay in a heartbeat to get out of it. You trolls suck VZW wang more then this website does the iPhone, and by how much you all bitch about that too, that means ALOT!!!