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Verizon Wireless Finds Buyer for Remaining Alltel Assets

Jun 9, 2009, 11:18 AM by Eric M. Zeman

Atlantic Tele-Network, Inc. has agreed to buy the final 26 Alltel Wireless markets from Verizon Wireless for $200 million. The markets cover some 800,000 subscribers in Idaho, Illinois, Ohio, North Carolina, South Carolina and Georgia. The deal will close later this year pending regulatory approval. With this agreement in place, Verizon Wireless now has buyers for all 105 of the markets it was required by the FCC to divest as a condition of its purchase of Alltel Wireless. Atlantic Tele-Network runs a subsidiary called Commnet Wireless, which provides wireless voice and data roaming services for U.S. and International carriers.

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source: Atlantic Tele-Network / Verizon Wireless

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Comments

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This forum is closed.

Eric M. Zeman

Jun 9, 2009, 11:52 AM

Official Statement from Atlantic Tele-Network

I asked Verizon corporate about this. Verizon is not issuing a press release. Atlantic Tele-Network issued the following release:

Atlantic Tele-Network to Acquire Divestiture Properties from Verizon Wireless

Business Wire SALEM, Mass. -- June 09, 2009 Atlantic Tele-Network, Inc. (NASDAQ:ATNI) today announced a definitive agreement to acquire certain wireless assets from Verizon Wireless for $200 million. Under terms of the agreement, ATN will acquire wireless properties, including wireless spectrum licenses and network assets,serving over 800,000 subscribers primarily in rural areas across Georgia,North Carolina, South Carolina, Illinois, Ohio, and Idaho. Verizon Wireless is required to divest these properties as part of the re

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Slammer

I find this very interesting Eric as every media news coverage had AT&T pegged as the buyer as well as ATT themselves practically confirming the buy. What happened?

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ne6rocks

Jun 9, 2009, 8:15 PM

When will AT&T buy out this company!

One step toward little guys getting bought out and Verizon and AT&T fully monopolizing the U.S. market!

dave73

I doubt anyone will buyout Comnet. Comnet has their networks in areas that the big guys don't want to build out. For areas where both AT&T & Verizon have networks in no man's land, those networks were built out years ago, and they're not doing major...
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cellphoneslinger

Jun 9, 2009, 11:43 AM

So im not seeing great coverage...

I just looked at the coverage map for this company. You can get coverage in the middle of Wyoming and looks like the desert in Arizona and New Mexico.
So check it out.
http://www.commnetwireless.com/coverageGeneral/CDMAL ... »

algorithmplus

If I'm not mistaken, CommNet Wireless is currently a roaming-only company and does not sell service to the public, so this would be a new foray into retail customers.

en102

Interesting... I thought Commnet was GSM roamer only (used it in NM between Santa Fe / Taos)
http://www.commnetwireless.com/coverageGeneral/GSMLa ... »

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