Alltel To Buy Midwest Wireless
Nov 18, 2005, 11:06 AM by (staff)
Alltel today announced an agreement to purchase Midwest Wireless for just over $1 billion. Alltel expects to gain approximately 400,000 wireless customers in southern Minnesota, northern and eastern Iowa, and western Wisconsin. These markets are contiguous to existing Alltel operations and cover a population of 1.9 million. The deal includes both 850 MHz and 1900 MHz PCS spectrum owned by Midwest. Closing of the transaction is contingent upon regulatory approval and is expected to occur in the first half of 2006.
Comments
more consolidation (thoughts)
(if you want you can take the post off of this news that is located on the alltel forum)
as you can see there will be more consolidation as carriers especially rural ones try to compete.
opinions?
thoughts about if tmobile usa buys alltel?
nextel18 said:
thanks rich.. 🙂
(if you want you can take the post off of this news that is located on the alltel forum)
Okay, if I can even begin to figure out what was just said...you want Rich to take th...
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and dual tech phones wouldn't be that hard to fight through. at&t/cingy had gait phones which were tdma/gsm and nextel/sprint has the...
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Wouldn't it make more sense, since Alltel wants to grow fast, for it to buy Cricket (Leap Wireless)? It's not a huge company, but it is still sizable with 1.6 million customers, and it uses...
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Oooh - verizon will finally have data coverage in most of Minnesota?
So will verizon *finally* have data coverage throughout most of Iowa and Rochester, Minnesota?
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Alltel to GSM????
There is no cingular or t-mobile in this area so they have no network to use and Western Wireless provides that to get the roaming money off of Cingular/T-mobile. It has been this way for quite some while and Western Wireless has been updating their CDMA network as has Alltel so where did this rumor come from?
More detailed Facts about the Buyout of MidWest Wireless
Midwest Wireless licenses overlap Alltel's in several Minnesota markets, making divestiture of some assets a possibility.
Midwest also holds 1900MHz licenses covering 2.1M POPs, valued at $17M.
This adjusted price represents approximately $560/POP and $2,500/sub. (basically how much AT paid for MidWest Wireless.) they paid $1.075 billion in cash.
Some Overlap With Legacy Western Wireless Licenses. Midwest Wireless has some cellular license overlap with legacy Western Wireless asset...
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