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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.

Reuters »

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nuckingfuts

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.
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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.
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LordObento

May 21, 2007, 1:10 AM

Finally!!!!!

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...
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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...
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drewstew

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.
Jonathanlc2005

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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