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.
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... (continues)
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.