AT&T to Acquire Alltel Assets for $780 Million
AT&T today announced that it has agreed to purchase Atlantic Tele-Network's Alltel assets for a total of $780 million. The agreement includes wireless spectrum licenses in the 700, 850, and 1900MHz bands, network assets, retail stores, and 585,000 subscribers. Alltel Wireless was purchased by Verizon Wireless in 2008. As part of the acquisition, Verizon was required by the Federal Communications Commission to divest some assets. AT&T picked up some of those assets and Atlantic Tele-Network picked up the rest. Atlantic Tele-Network continued to run those assets under the Alltel brand across portions of six states, covering some 4.6 million POPs. AT&T is now hoping the FCC will allow it to purchase those assets from Atlantic Tele-Network. The deal, which is subject to regulatory approval, is expected to close during the second half of the year.
AT&T Says It Won't Sell the LG G7 ThinQ, But It Has an LG Exclusive On Deck
AT&T does not plan to sell LG's new flagship phone, the G7 ThinQ, according to The Verge. Instead, the company plans to offer an exclusive phone from LG later this summer.
AT&T and Verizon Say They'll Sell the Red Hydrogen One Phone
AT&T and Verizon Wireless today voiced support for the Red Hydrogen One phone, which they'll sell later this summer. The Hydrogen One was first announced in summer of 2017.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Just what AT&T needs
Stark contrast between the two.