Private Equity Groups Purchase Alltel
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.
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.
Verizon to Sell Landline Biz to Frontier for $10 Billion
Verizon Communications today confirmed plans to sell part of its wireline telephone and internet business to Frontier Communications for $10 billion. The deal covers Verizon's consumer and business assets in California, Florida, and Texas.
Microsoft to Buy LinkedIn for $26.2 Billion
Microsoft today said it has agreed to acquire LinkedIn for $26.2 billion. LinkedIn is well known as a professional networking and employment resource for companies and job seekers alike.
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.
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...
sprint better get on this