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Alltel To Go All Wireless

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Valor, PSC...huh?

roamer1

Dec 9, 2005, 5:01 PM
I'm surprised Alltel is selling the wireline business to Valor, especially when Valor is so small and so regional (basically Texas and surrounding states) compared to Alltel and other possible buyers such as CenturyTel. Then again, the deal seems structured to merge Valor into Alltel then spin off the wireline business to both companies' shareholders (kinda like what is going with Sprint Nextel and LTD), so maybe it isn't so strange after all.

As for PSC's GSM, it's unclear from the RCR article if they plan to "forcibly" migrate former PSC GSM customers (however few of them there are...PSC only sold GSM for a few months) to CDMA or if they plan to shut off and dismantle the GSM network, especially when Alltel could significantly expand i...
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draveed

Dec 9, 2005, 7:59 PM
Technically, if you read Valor's press release this morning, Alltel's wireline business is spun-off first and then merged with Valor.
http://www.marketwatch.com/tools/quotes/newsarticle. ... »

However, when you read Alltel's press release you see, in effect, Valor is being purchased. The new wireline company is almost totally staffed with Alltel executives, and Alltel shareholders will have 85% of the new company's shares.
http://www.marketwatch.com/tools/quotes/newsarticle. ... »

I don't know for sure but I would assume Valor was chosen for this transaction because of their...
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