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AT&T and Verizon Wireless Agree to Sale and Further Asset Swap

May 8, 2009, 3:19 PM by Eric M. Zeman
updated May 9, 2009, 11:21 AM

AT&T formally announced its intent to purchase certain former Alltel assets (as well as Verizon and Rural Cellular assets) from Verizon Wireless for the sum of $2.35 billion. As part of the deal, AT&T will acquire Verizon's licenses, network assets and 1.5 million subscribers in 79 regions, including rural areas of the following states: Alabama, Arizona, California, Colorado, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia and Wyoming. In addition to that purchase, AT&T is going to sell certain Centennial Communication assets to Verizon for $240 million. AT&T had announced its intent to buy Centennial in 2008, and that deal is still pending regulatory approval. The sale to Verizon includes 120,000 subscribers spread across Louisiana and Mississippi. This second transaction is meant to prevent overlap in some regions. AT&T said it will offer its new subscribers access to all its devices, 3G services and Wi-Fi hotspots. The former Alltel assets are all CDMA-based, however, and AT&T uses GSM technology. AT&T didn't provide details nor a time frame on how or when it would transition those 1.5 million CDMA customers to GSM-compatible equipment.

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Subject	Author	Date
In a nutshell...	WiWavelength	May 8, 2009, 9:48 PM
Re: In a nutshell... by pfs2009 May 9, 2009, 6:20 AM Re: In a nutshell... by Burger Time May 9, 2009, 4:24 PM Re: In a nutshell... by Slammer May 11, 2009, 9:57 AM Ah... by Azeron May 12, 2009, 12:09 AM Re: Ah... by ladycj1305 May 14, 2009, 3:52 PM Re: In a nutshell... by Radbard May 12, 2009, 11:33 AM Re: In a nutshell... by WiWavelength May 12, 2009, 12:24 PM Re: In a nutshell... by Radbard May 12, 2009, 3:11 PM (more replies...) Re: In a nutshell... by Azeron May 12, 2009, 7:47 PM (more replies...) Re: In a nutshell... by Slammer May 12, 2009, 9:18 PM
So...	neovox	May 11, 2009, 7:05 AM
Re: So... by trophynuts May 11, 2009, 7:25 AM Re: So... by neovox May 11, 2009, 7:27 AM Re: So... by Radbard May 12, 2009, 11:20 AM
GSM where in VA?	tacoma	May 11, 2009, 4:52 PM
GSM	maxrebo	May 11, 2009, 12:27 AM
US Cellular? what about the other million customers?	knoxvegas75	May 9, 2009, 10:08 PM
Re: US Cellular? what about the other million customers? by dave73 May 10, 2009, 4:14 PM
question for an expert on this situation	wrightN	May 9, 2009, 9:46 AM
Re: question for an expert on this situation by jskrenes May 9, 2009, 10:43 AM Re: question for an expert on this situation by wrightN May 9, 2009, 12:55 PM Re: question for an expert on this situation by WiWavelength May 9, 2009, 2:41 PM Re: question for an expert on this situation by Burger Time May 9, 2009, 4:24 PM
So... Assets?	ajlineman	May 8, 2009, 4:38 PM
Re: So... Assets? by fahrende May 8, 2009, 4:58 PM Re: So... Assets? by algorithmplus May 8, 2009, 5:30 PM Re: So... Assets? by familyguync07 May 8, 2009, 5:25 PM Re: So... Assets? by Burger Time May 8, 2009, 6:14 PM Re: So... Assets? by Slammer May 8, 2009, 6:22 PM Re: So... Assets? by algorithmplus May 8, 2009, 7:15 PM Re: So... Assets? by texaswireless May 8, 2009, 8:45 PM Re: So... Assets? by Burger Time May 8, 2009, 11:03 PM Re: So... Assets? by WiWavelength May 8, 2009, 11:34 PM (more replies...)
OK .....	cellphoneslinger	May 8, 2009, 4:04 PM

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