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ALLTEL Buys CenturyTel Wireless

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Mar 19, 2002, 2:45 PM   by (staff)

ALLTEL today announced an agreement to purchase all the wireless properties owned by CenturyTel Inc. for $1.65 billion in cash. ALLTEL will add more than 700,000 customers and expand its wireless footprint into new markets across Arkansas, Louisiana, Michigan, Mississippi, Texas and Wisconsin. ALLTEL will now have 7.4 million wireless customers in 24 states. Also included in the transaction are PCS licenses covering 1.3 million POPs in Wisconsin and Iowa. The transaction is expected to close in the third quarter of 2002.

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