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AT & T to finish acquiring Alltel customers in Q1

Mon, 12/14/2009 - 7:20am
The Associated Press

DALLAS (AP) – AT&T Inc. said Friday it expects to complete early next year the acquisition of 1.5 million Alltel subscribers in 18 states that Verizon Wireless had to divest.

Verizon Wireless had to divest the licenses and subscribers to win regulatory approval for its purchase of Alltel this year.

AT&T and Verizon agreed in May that AT&T would acquire them in a deal that includes assets from Verizon Wireless and the former Rural Cellular Corp.

The Federal Communications Commission and Justice Department are still reviewing the case.

Separately, AT&T said it expects to complete its sale of former Centennial Communications Corp. assets to Verizon Wireless, which would get nearly 120,000 subscribers in Louisiana and Mississippi.

That swap also needs regulatory approval.

Dallas-based AT&T said it expects to close both transactions in the first quarter of next year.

AT&T shares rose 25 cents to $28.01 on Friday.

More Broadband Direct 12/14/09:
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•  Cablevision plans MSG spin-off for Q1
•  Analyst: Clearwire `too strategic to fail'
•  Google branding own handset?
•  TeliaSonera launches 1st LTE network
•  Verizon Wireless bows file-sharing tool for phones, PCs
•  ETI Software looks to the tech-savvy future
•  Motorola debuts fixed WiMAX products
•  Sandvine, Optenet combo on easy parental controls
•  AT&T to finish acquiring Alltel customers in Q1
•  Report: Euro broadband growth suppressed
•  Aurora taps sales lead for western U.S.
•  EU signals could OK Oracle deal with no sell-off
•  Broadband Briefs for 12/14/09

 

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