News tagged with alltel
Alltel
Alltel Corporation is a wireless service provider, primarily based in the United States. Before an acquisition by Verizon Wireless, it served 34 states. After the merger, Alltel continues to serve six states, mostly in rural areas. Following the merger, Alltel is the eighth largest wireless telecommunications company in the United States, with approximately 800,000 customers.
At its peak, Alltel operated a network in 34 states, with a wireless coverage footprint comprising the largest network in the United States by area. The company focused on small to medium size cities providing wireless services to residential and business customers in all 50 states through roaming agreements with Verizon and Sprint. These agreements gave Alltel customers access to nationwide service, while providing those carriers coverage in rural areas.
On June 5, 2008, Verizon Wireless announced it would acquire the majority of Alltel Wireless in a deal valued at $28.1 billion. The merger was approved by the Federal Communications Commission on the condition that Verizon divest 105 Alltel markets. On May 8, 2009, AT&T announced it would acquire 79 of the divested wireless properties, including licenses, network assets, and 1.5 million current subscribers, primarily in rural areas across 18 states.
On April 26, 2010, Atlantic Tele-Network acquired the remaining 26 divested Alltel markets, including licenses, network assets and 800,000 subscribers. These remaining markets continue to be operated by Allied Wireless, a subsidiary of ATN, under the Alltel name.
For more information about Alltel, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
Verizon profit falls 30 pct on restructuring costs
(AP) -- Verizon Communications Inc. reported a 30 percent drop in third-quarter earnings Monday as it couldn't sign up enough new subscribers to offset higher costs from laying off workers and absorbing an ...
Oct 26, 2009 |
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Verizon 2Q profit falls, tops view, plans job cuts
(AP) -- Verizon Communications Inc., the nation's largest wireless carrier, said Monday its second-quarter profit fell 21 percent as cost-cutting in its wireline business failed to keep pace with falling ...
Jul 27, 2009 |
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Verizon 1st-qtr profit, revenue beat expectations
(AP) -- Verizon Communications Inc. said Monday its earnings grew 5 percent in the first quarter, boosted by its acquisition of Alltel Corp. and strong demand for its wireless, Internet and TV services.
Apr 27, 2009 |
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Search results for alltel
AT&T's great wireless war
Think of AT&T Inc.'s $39 billion attempted takeover of German-owned T-Mobile USA as a long, multi-front war, the ultimate test of business, legal and political strategy.
Dec 07, 2011 |
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New AT&T phone contracts dive in 1Q
(AP) -- AT&T Inc. used to draw in subscribers by the millions with the lure of the iPhone. Now, it's mostly selling iPhones to its own customers, who are trading up from other AT&T phones.
Apr 20, 2011 |
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Verizon posts 2Q loss on costs of employee buyout
(AP) -- Verizon Communications Inc. on Friday said it lost $198 million in the second quarter due to a buyout for 11,000 workers.
Jul 23, 2010 |
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AT&T wraps $2.35B buy of wireless properties
(AP) -- AT&T Inc. said Tuesday it has completed its acquisition of wireless properties in 18 states from Verizon Wireless for $2.35 billion in cash.
Jun 23, 2010 |
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Verizon posts 4Q loss on $3B in layoff costs
(AP) -- Verizon Communications Inc. on Tuesday posted an unusual loss for the fourth quarter, as a charge for layoffs in its shrinking landline business overshadowed the growing, and profitable, wireless ...
Jan 26, 2010 |
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Nuance buys British voice-to-text company SpinVox
US speech recognition company Nuance Communications Inc. announced on Wednesday that it has acquired British voice-to-text firm SpinVox for 102.5 million dollars in a stock and cash deal.
Dec 30, 2009 |
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Fewer players in wireless could rein in price cuts
(AP) -- How many wireless carriers do we need? It's a question that's popping up again as T-Mobile USA is said to be looking at buying Sprint Nextel Corp.
Sep 14, 2009 |
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AT&T to buy territories from Verizon for $2.35B
(AP) -- AT&T Inc. said Friday it will buy the assets of Verizon Wireless in 79 mainly rural areas for $2.35 billion, a deal that will affect more than 1 million subscribers.
May 09, 2009 |
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Phone home and call likely answered on the cell
(AP) -- In a high-tech shift accelerated by the recession, the number of U.S. households opting for only cell phones has for the first time surpassed those that just have traditional landlines. It is the ...
May 06, 2009 |
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Verizon, Apple discussing iPhone
Verizon Communications Inc. and Apple are discussing the possible development of an iPhone for the US telecom giant to be introduced next year, USA Today reported on Monday.
Electronics / Consumer & Gadgets
Apr 27, 2009 |
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