AT&T Moves to Buy Alltel for $780 Million

Discussion in 'Android News' started by dgstorm, Jan 22, 2013.

  1. dgstorm
    Offline

    dgstorm Editor in Chief Staff Member Premium Member

    Joined:
    Dec 30, 2010
    Messages:
    7,768
    Likes Received:
    1,704
    Trophy Points:
    258
    Location:
    Austin, TX
    Ratings:
    +1,735
    [​IMG]

    If you guys remember, back in 2011, one of the big news stories in the US, was AT&T's attempted buyout of T-Mobile. That deal was derailed by industry watchdogs and the Federal Government because it would have very likely created a far less competitive carrier ecosystem. Even though that buyout died, it looks like AT&T is still doing it's best to gobble up smaller carriers. Luckily, today's news is not nearly as menacing as the previous buyout attempt. AT&T is moving forward with a planned purchase of the smaller Alltel wireless company, and plan to acquire it for $780 Million dollars. Here's a quote with some of the details,

    More than likely this deal will easily pass regulatory scrutiny, since Alltel is a much smaller fish, and won't create a virtual monopoly between titans like the previous deal would have. What do you guys think? Just life in the big wireless ocean?

    Source: UnWiredView
     
    Last edited: Jan 23, 2013
  2. comk4ver
    Offline

    comk4ver Member

    Joined:
    Jul 25, 2010
    Messages:
    615
    Likes Received:
    13
    Trophy Points:
    18
    Ratings:
    +13
    I thought Verizon owned alltell?
     
  3. debrad0307
    Offline

    debrad0307 Member

    Joined:
    Feb 15, 2011
    Messages:
    637
    Likes Received:
    19
    Trophy Points:
    18
    Location:
    El Paso, TX
    Ratings:
    +19
    They bought part of Alltel. There was still a portion that was up for grabs.

    Sent from my Synergized SCH-I535
     
  4. Droidram56
    Offline

    Droidram56 Member

    Joined:
    Jun 19, 2011
    Messages:
    146
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    North Florida
    Ratings:
    +0
    VZW did acquire Alltel in many regions, but in certain markets VZW was not allowed to because of monopoly concerns. Not sure why AT&T could unless they don't already have a presence in those areas.
     
  5. 52brandon
    Offline

    52brandon Active Member

    Joined:
    Jan 18, 2010
    Messages:
    1,019
    Likes Received:
    19
    Trophy Points:
    38
    Ratings:
    +19
    I would imagine the same reason VZW couldn't. VZW is so big in those areas that they were NOT allowed to buy em, but AT&T buying em in those areas makes them more competitive with VZW. Looking at the numbers and considering the average cost to own a mobile phone now, it wont be long at all before AT&T pays off the buyout just from subscriber fees... seems pretty cheap to me
     
  6. liftedplane
    Offline

    liftedplane Senior Member

    Joined:
    Jan 15, 2011
    Messages:
    1,242
    Likes Received:
    130
    Trophy Points:
    63
    Location:
    Washington State
    Ratings:
    +139
    I too thought vzw owned all of alltel, it's nice to learn something new... and it will be interesting to see how this goes.
     
  7. tjk629
    Offline

    tjk629 Silver Member

    Joined:
    Jan 5, 2010
    Messages:
    3,035
    Likes Received:
    65
    Trophy Points:
    113
    Ratings:
    +65
    Some of Alltel's customers had to go over to AT&T after verizon acquired them. Guess AT&T wants to finish the job :D
     
  8. macpro88
    Offline

    macpro88 Premium Member Premium Member

    Joined:
    Feb 7, 2011
    Messages:
    1,400
    Likes Received:
    83
    Trophy Points:
    48
    Location:
    Ohio
    Ratings:
    +83
    VZW was only allowed to buy part of Alltel, I still know a few people from the boonies who live here in the city now and their phones are ALWAYS roaming lol though they never get charged for it cause the Alltel towers up here were converted to Verizon. I kinda wish they would go away lol
     
Search tags for this page

alltel buyout 2013

,
alltel galaxy s3
,

alltel galaxy s4

,
alltel samsung galaxy s3
,
alltel samsung galaxy s4
,

samsung galaxy s3 alltel

,

when is alltel getting the galaxy s3

,

when will alltel get the galaxy s3

,

when will alltel get the samsung galaxy s4

,
will alltel get the galaxy s4