from the savings-passed-onto-board dept.
AT&T has purchased the U.S. retail wireless operations of Atlantic Tele-Network Inc. (ATNI) for $780 Million. Alltel operates under the Alltel brand in several markets. The acquisition includes wireless properties, licenses, network assets, retail stores, and about 585,000 subscribers. It also includes spectrum in the 700 MHz, 850 MHz, and 1900 MHz bands, and that’s likely the big draw as the carrier continues to build out its 4G LTE network. If the deal is approved by the FCC and Justice Department, AT&T expects it to close in the second half of 2013.
Now, what most people don’t read is the fact that Alltel operations that are being bought up by AT&T were forced on to Verizon by the US Government. Nothing wrong with that, only if you are still eliminating the competetion.