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Private Equity Groups Purchase Alltel

Article Comments  42  

May 21, 2007, 12:40 AM   by (staff)

Alltel agreed to sell to one team of bidders on Sunday. TPG Capitol and Goldman Sachs will buy the carrier, including assuming its debt, for $71.50 per share or about $27.5 billion. The companies expect to complete the sale near the end of this year or early 2008. It is widely assumed these equity partners purchased Alltel to hold the carrier until a larger carrier was ready to buy them, however the companies did not discuss these expectations when announcing the purchase.

more info at Reuters »
more info at Alltel »



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This forum is closed.


May 21, 2007, 9:11 AM

Roaming agreements?

How will this affect roaming agreements Alltel has woth other carriers who use Alltels network?
Probably not much, at least until they resell to another carrier.
This isn't to say there won't be any, but at this time, I wouldn't expect ANY changes at all.

Roaming agreements should be carried throughtout their terms, even in the event of a merger/sale to a larger company, until the end of those agreements.

May 21, 2007, 1:10 AM


Finally they sold and this will squash some rumors. Although the statement leaves it open for rumors to come as they want to sell to a bigger carrier.
I don't think they'll wait to sell to a bigger carrier.

I think they'll split the company up and sell the towers and customers to companies they are compatible with (cdma to verizon/gsm to att & Tmobile).

There is alot more money to be made by...
If the equity group did decide to deconstruct Alltel, I am betting you would see a large interest in their assets coming from Sprint, Cingular, or Tmobile, possibly looking to expand their presence into the midwest presumably at a much cheaper cost th...

May 22, 2007, 5:59 PM

End Result

Anyone care to hazard a guess as to what happens to Alltel in the end? Sold off in pieces? Sold whole to VZW? I think we can agree TPG and GS are not going to keep Alltel long-term, they just want to make a profit on it and move on to their next investment.

May 21, 2007, 5:42 PM

sprint better get on this

start buying some towers from the private sources asap. california, arizona, and others need to be bought asap
True. Alltel pretty much has a blanket of coverage over AZ. It would be badass if Sprint bought it.
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