AT&T to buy some Alltel assets from Verizon

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AT&T to buy some Alltel assets from Verizon
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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11 Comments

1. The Godfather unregistered

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

Posts: 279; Member since: Dec 11, 2008

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

Posts: 276; Member since: Feb 26, 2009

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

7. vzw fanman

Posts: 1976; Member since: Dec 11, 2008

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

2. underoath427

Posts: 9; Member since: Apr 09, 2008

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

3. bigfanboyred

Posts: 141; Member since: Jan 17, 2009

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

4. PapaJay224

Posts: 866; Member since: Feb 08, 2009

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

Posts: 139; Member since: Mar 24, 2009

SPRINT WILL RULE. JUST WAIT.

9. Sufcc

Posts: 33; Member since: Jul 28, 2008

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

10. heavybreathing

Posts: 276; Member since: Feb 26, 2009

PALM PRE FTW.

11. *HOVA*

Posts: 564; Member since: Dec 11, 2008

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!!!

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