BREAKING: AT&T signs agreement to purchase Alltel for $780 million

Posted on Jan 22 2013 - 9:59am by Mike Wewerka
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ATT att logo name sign 580x380 BREAKING: AT&T signs agreement to purchase Alltel for $780 million

AT&T made a big announcement this morning, while news is still developing, the nation’s second largest cellular carrier has said they’ve signed an agreement to purchase Alltel’s (Atlantic Tele-Network, Inc.) retail business, aka customer base, for $780 million in cash. Much like how AT&T tried to purchase T-Mobile, this deal with also need to pass regulatory approval, so we’ll have to wait and see how this acquisition pans out.

More as it develops…