Alltel Begins Serious Discussions For A Sale
May 9, 2007, 1:22 PM by (staff)
At least three pairs of private equity groups have put in bids for Alltel according to sources. Alltel revealed it was considering a sale in February and since then has been courting offers. No carriers have yet expressed an interested in buying the regional carrier, which is valued somewhere between 25 to 30 billion dollars. If one of the equity partnerships purchases Alltel, it is unlikely subscribers will notice any immediate changes. However it is likely they would only buy the carrier to hold it until a larger company is prepared to buy it.
Samsung Releases Pink Gold Galaxy S7 and Galaxy S7 Edge
Samsung today announced a pink gold version of the Galaxy S7 and S7 Edge. The new color will be available only at Best Buy stores in the U.S.
AT&T Replacing Alltel Brand with Its Own Across Georgia
AT&T today said beginning Dec. 10 all Alltel stores and services across Georgia will be rebranded under the AT&T name.
Private Investors Buy OmniVision for $1.9 Billion
OmniVision has agreed to allow a consortium of private investors purchase the company for about $1.9 billion. OmniVision makes digital imaging products, such as camera sensors for smartphones.
Uber Attempting to Hail HERE Maps with $3B Bid
Uber has submitted a bid to purchase HERE Maps from Nokia for $3 billion, reports the New York Times. The bid is one of several and may not result in a sale, cautioned the Times' unnamed sources.
Audi, BMW, Daimler to Buy Nokia's HERE Maps
A consortium of three German automotive makers has agreed to purchase HERE Maps from Nokia for about $2.71 billion, according to the Wall Street Journal. Sources familiar with Nokia's plans say Audi, BMW, and Daimler (Mercedes) have fielded a winning bid for the mapping division, which Nokia put up for sale earlier this year.
how sprint could do this
then we would see dual band/iden hybrid phones!!!
What about monopolies?
What makes you think a carrier will buy?
If Qwest were smart they would try and move in for this one too. Lots of CDMA and spectrum for growth, and they could sell off towers and spectrum from the Alltel GSM network to T-Mobile and AT&T for GSM/UMTS expansion to cover the costs of the $30 billion purchase.
Qwest needs to make a bold move soon or they are going to get eaten up.
Why a carrier would buy? Simp...
Sounds like Alltel is trying to push stock up again?
Verizon Will Probably Win the Bid. There the Most Reliable Remember?
Cell Phones said:...
Verizon Will Probably Win the Bid. We all just have to get use to it. Alltel might not want to admit it to everyone, but since Verizon hasn't had any issues with mergers, unlike Sprint/Nextel and AT&T/Cingular,
I remember all my minutes being charged roaming rates in my home area! Of cour...
Its gonna be messy!
Great, now they're going to suck like verizon does
Sprint can't afford it
Alltel had the best fourth quarter out of any wireless phone company.
No, they really didn't. In the 4th quarter, Verizon net added 2.3 million customers and ATT net added 2.4 mil. Alltel net added nowhe...
VZW moves in for the kill
Pros: Nothing Changes, and Stock goes through the roof.
Cons: Alltel is still only the 5th largest carrier.
I Wish Alltel and US Cellular Would Merge...
The last thing in the UNIVERSE Sprint needs right now is another merger, what with the Nextel thang blowing up in their face right proper.
ATT is only just now starting to get it together from its Cingular-ATTW merger of 2 1/2 years ago... do they really want to go through that again so soon, especially considering that Alltel is incompatible technologically, a la the Sprint-Nextel merger?
And I guess Verizon has its hands full getting fiber to the home and potentially trying to buy out Vodaphone's stake.
Who does that leave... T-mobile? Incompatible technologically, and...