Any Speculation to this?
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Alltel Corp. (AT) shares rose on Dec. 29 after an article suggested that private equity firms might be circling the wireless operator as a potential takeover target.
"Wall Street is buzzing about a possible deal and private-equity shops are already exploring the idea," the Wall Street Journal reported, citing people familiar with the matter.
The newspaper noted that Alltel has a market value of $21.7 billion and a debt load of just under $3 billion. Meanwhile, the company is a pure cellphone operator, having recently spun off its slow-growing landline division, and it has low debt relative to other telecom carriers.
Among the potential strategic buyers of Alltel are the telecom Sprint Nextel Corp. and the cellphone giant Verizon Wir...
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"Wall Street is buzzing about a possible deal and private-equity shops are already exploring the idea," the Wall Street Journal reported, citing people familiar with the matter.
The newspaper noted that Alltel has a market value of $21.7 billion and a debt load of just under $3 billion. Meanwhile, the company is a pure cellphone operator, having recently spun off its slow-growing landline division, and it has low debt relative to other telecom carriers.
Among the potential strategic buyers of Alltel are the telecom Sprint Nextel Corp. and the cellphone giant Verizon Wir...
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Private equity firms eye Alltel
Reported talk of buyout by Verizon Wireless has caused a buzz on Wall Street about the future of the fifth-largest U.S. wireless operator.
December 29 2006: 9:20 AM EST
NEW YORK (Reuters) -- Private-equity firms are exploring the idea of a leveraged buyout for Alltel Corp., the fifth-largest U.S. wireless operator, according to a report Thursday.
Citing sources familiar with the matter, the Wall Street Journal, in a report on its Web site, said that "Wall Street is buzzing about a possible deal."
Video More video
CNN's Nic Robertson explains how the video camera phone has revolutionized news gathering. (December 22)
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Spurring the talk is Alltel's low debt relative to other telecom carri...
(continues)
Reported talk of buyout by Verizon Wireless has caused a buzz on Wall Street about the future of the fifth-largest U.S. wireless operator.
December 29 2006: 9:20 AM EST
NEW YORK (Reuters) -- Private-equity firms are exploring the idea of a leveraged buyout for Alltel Corp., the fifth-largest U.S. wireless operator, according to a report Thursday.
Citing sources familiar with the matter, the Wall Street Journal, in a report on its Web site, said that "Wall Street is buzzing about a possible deal."
Video More video
CNN's Nic Robertson explains how the video camera phone has revolutionized news gathering. (December 22)
Play video
Spurring the talk is Alltel's low debt relative to other telecom carri...
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Sprint has too much debit and the meager with Nextel is not going well. So I don't think would buy them.
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nextel is not going well as it is two differant networks. They knew that going into it! However if they buy alltell with little debt. They have the largest network buy square miles and the 4th largest wireless provider. Would make sprint number 2 or maybe number one if you count nextell subscribers!
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Sprint does not have the moeny to do anything right now and the banks would not loan them any more money.
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Pretty much the majority areas Alltel and Sprint duplicate coverage is in iPCS markets, don't know how we would be able to pull it off.
But they have 18 million CDMA customers, that would put us over Cingular. Alltel management is outstanding, they have a strong business model. I have personally met Scott Ford, and have to say the guy deserves his position. I think a Gary Forsee/Scott Ford combo, would be a great idea.
I would love to see our CDMA network grow over 65%.
I have had people from Comcast come into my store and said they heard we were in talks.
Who knows.
I think Sprint is amazing, and look forward to seeing its bright future, no matter what the path.
Verizon and Alltel do not duplicate in too many small market...
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But they have 18 million CDMA customers, that would put us over Cingular. Alltel management is outstanding, they have a strong business model. I have personally met Scott Ford, and have to say the guy deserves his position. I think a Gary Forsee/Scott Ford combo, would be a great idea.
I would love to see our CDMA network grow over 65%.
I have had people from Comcast come into my store and said they heard we were in talks.
Who knows.
I think Sprint is amazing, and look forward to seeing its bright future, no matter what the path.
Verizon and Alltel do not duplicate in too many small market...
(continues)
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