MetroPCS, Alltel Pick Up Fallout from Cingular Merger
Nov 29, 2004, 11:21 AM by (staff)
Cingular recently announced the sale of certain regional assets to MetroPCS and Alltel. The divestitures are required by the government as conditions of approval of Cingular's acquisition of AT&T Wireless. The MetroPCS sale includes 10 MHz of spectrum in two major markets - Detroit and Dallas - for which Cingular will receive $230 million in cash. The deal will allow MetroPCS to expand to cover five of the top twelve U.S. metro areas. For $170 million in cash, Alltel will gain spectrum, network, and customers in parts of Oklahoma, Texas, Kentucky, Connecticut, and Mississippi. The Alltel sale also includes spectrum and network in Wichita, Kansas, and additional spectrum in parts of Georgia and Texas. Both deals are expected to close in the first quarter of 2005.
|Isn't Alltel all-CDMA?||vlad213||
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