Verizon will buy Alltel
Private Equity Reportedly Circles Alltel
The Wall Street Journal reported that private equity firms might be looking to buy the wireless operator
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 rel...
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The Wall Street Journal reported that private equity firms might be looking to buy the wireless operator
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 rel...
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LL Cool Jake said:
Among the potential strategic buyers of Alltel are the telecom Sprint Nextel Corp. and the cellphone giant Verizon Wireless, a joint venture of Verizon Communications (VZ) and Vodafone Group PLC (VOD), the WSJ said.
I seriously doubt Sprint/Nextel is in play for it, they have enough on their plate right now.
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Ditto. I think SprintNextel should concentrate on maybe purchasing SouthernLinc to boost coverage and capacity in their southern markets instead. In fact, I think they should forget about CDMA altogether, most people who want CDMA are going to get Verizon, and sell off all their CDMA stuff to Verizon or someone else and use that money to expand IDEN instead.
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Please tell me why would they expand IDEN 😳
I think they should buy Alltel and change their name to Alltel. Even after they work out their issues, their name has been damn near destroyed. The crazy thing is that they actually offer a nice product. I use their laptop card for data and they blow everything else I have used out of the water.
I think they should buy Alltel and change their name to Alltel. Even after they work out their issues, their name has been damn near destroyed. The crazy thing is that they actually offer a nice product. I use their laptop card for data and they blow everything else I have used out of the water.
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You haven't been keeping up with wireless news, have you? IDEN is going bye bye.
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Now that's interesting. Maybe that will put a stop to all those rumors about Alltel buying out every body else. I will laugh if Sprint gets them, but Verizon wouldn't be a bad fit.
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onedan said:
I agree. Verizon is a much better match.
If it were to happen, it would give Verizon plenty of cellular band licenses that Alltel has, though some of those cellular licenses would have to be divested. I wonder how many PCS licenses Alltel has for areas that haven't been built out yet? Verizon is definitely looking for more PCS licenses, especially for areas that they don't have any, or not enough.
One thing I believe would change though, would be in the central part of the country, and that would be Verizon wanting to turn off the GSM network that Alltel built out (and added from the Western Wireless buyout).
But one thing I might see if Verizon did buyout Alltel is that this might be a w...
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Although, if Verizon were to buy Alltel, the FCC might mandate that they divest the GSM spectrum and sell it to a GSM carrier like T-Mobile.
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lefteyeiu2006 said:
Although, if Verizon were to buy Alltel, the FCC might mandate that they divest the GSM spectrum and sell it to a GSM carrier like T-Mobile.
Correct me if I'm wrong, but in areas where there is no GSM service, Alltel built out their GSM network using the same licenses that they use for their CDMA network, by simply splitting the spectrum between the 2 networks? That's what I'm assuming they did in areas they built out, and possibly by the old Western Wireless too.
Regardless, any areas that Verizon would have to divest, if they were to acquire Alltel today can be acquired by anybody. The Western Wireless network in Arkansas was acquired by Cingular, and Western Wireless was CDMA, whi...
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verizon is in ann arbor, but southwest of that about 15 miles away is alltel. I work in the vz store in AA and always get people in there that live in the alltel area and complain about dropped calls and such.. ugh...
vz taking over alltel would be my dream, allowing vz to basically take over MI and expand their coverage.
vz taking over alltel would be my dream, allowing vz to basically take over MI and expand their coverage.
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They are complaining because they are on the fringe of Verizon coverage it sounds like. Only picking up a weak vzw signal then dropping once it gets too weak.
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plus another 10 million customers 😲 verizon is already number 1 in everything this would be a huge numbers lead.
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Cellenator said:
verizon is already number 1 in everything
🤣 🤣 🤣 Delutional
If this happens at&t can always buy T-Mobile and put vz back where it belongs. Number 2!
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cingular is inferior to vzw in every way except total users on network. they are behind in retail users on network and profitability margin. so even with 60m vzw makes more a quarter.
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MidnightDT said:
cingular is inferior to vzw in every way except total users on network.
so even with 60m vzw makes more a quarter.
Get with the program man! It's not 2005 anymore... Maybe you need to start reevaluating your statements about Cingular/at&t, because those quoted above are outdated. Perhaps you know it, but you just want to stay in denial... Cingular/at&t is not inferior to Vz in anyway. Quarter results will prove (once again) all of you wrong...
All this "we got more retail users" is Vz's only way to put something out there to make it still sound appeling to users. Cuz apparently "The Network" is not enough... 🙄
P.S Start getting used to the at&t name. It won't be cingular for ...
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the_eraser said:...MidnightDT said:
cingular is inferior to vzw in every way except total users on network.
so even with 60m vzw makes more a quarter.
Get with the program man! It's not 2005 anymore... Maybe you need to start reevaluating your statements about Cingular/at&t, because those quoted above are outdated. Perhaps you know it, but you just want to stay in denial... Cingular/at&t is not inferior to Vz in anyway. Quarter results will prove (once again) all of you wrong...
All this "we got more retail users" is Vz's only way to put something out there to make it still sound appeling to users. Cuz apparently "The Network" is not enough... 🙄
P.S Start getting used to the
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Don't try to use logic and reason, it doesn't work on people on these forums.
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wow vzw is #1......and not by small margin. you know crack is illegal...get help
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Those in the att/cingular ranks that think a Verizon/Alltel M or A doesn't have serious potential are fooling themselves.
Not only would it establish a true dominance in the industry but it be a huge blow to Ed and Stan's ego's and they couldn't do much about it. Coming fresh off of several buying sprees and mergers of their own, I doubt they have the resources to pull off another one in the near future. Besides, not much is available.
There is no "for sale" sign in the front yard of T-Mobile USA. Deustche Telekom's mobile division chief Rene Olbermann told a meeting of the American Chamber of Commerce that the company plans to invest in 3G in the US, and said the unit's importance to Deustche Telekom's bottom line "is beyond d...
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Not only would it establish a true dominance in the industry but it be a huge blow to Ed and Stan's ego's and they couldn't do much about it. Coming fresh off of several buying sprees and mergers of their own, I doubt they have the resources to pull off another one in the near future. Besides, not much is available.
There is no "for sale" sign in the front yard of T-Mobile USA. Deustche Telekom's mobile division chief Rene Olbermann told a meeting of the American Chamber of Commerce that the company plans to invest in 3G in the US, and said the unit's importance to Deustche Telekom's bottom line "is beyond d...
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It's highly unlikely that Verizon Wireless would be making the bid for Alltel anyway. Remember that Verizon Wireless is jointly owned by Verizon Communications and Vodafone. That means that any decision making on bids would have to be agreed upon between the two companies...and I'm willing to bet that Vodafone is content with where they and Verizon Wireless are right now in the US market.
The possibility that Verizon Communications would want to ditch the marriage with Vodafone after an Alltel buyout would be much higher, and Vodafone isn't willing to pull out of the US market without a viable (GSM) re-entry option. That's been apparent in everything that has happened since the AT&T Wireless buyout.
All in all, it's going to be hard fo...
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The possibility that Verizon Communications would want to ditch the marriage with Vodafone after an Alltel buyout would be much higher, and Vodafone isn't willing to pull out of the US market without a viable (GSM) re-entry option. That's been apparent in everything that has happened since the AT&T Wireless buyout.
All in all, it's going to be hard fo...
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I believe that it is very likely that Verizon Wireless will bid on alltel, because of all the roaming they do with them in the south. And if they did buy Alltel they would be the #1 carrier in the US with the most customers. I dont think that Vodafone and Verizon Communications would pass that up after all that work that they do to keep there towers preforming ALMOST at 100% 24/7. It may be a big investment for them(or not)but in the long run it would really pay off because they would not have to pay for the roaming that they do in the south.
That is just my 2 cents.
Any Contradictions?
That is just my 2 cents.
Any Contradictions?
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yeah sprint does just as much roaming with them! So they are in the same boat. Also Verizon would have to make some big concessions if they wanted to buy them. Look at what sprint had to do when they merged with nextel. Spin off their landline division. Is is possible yes.
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I hope this actually happens. I have two friends who live in Nebraska who have Alltel. I would be able to call them mobile to mobile whenever I want.😁
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craptacularwireless said:
I hope this actually happens. I have two friends who live in Nebraska who have Alltel. I would be able to call them mobile to mobile whenever I want.😁
Nothing personal but when i read this post all I could think is do they also have a sheep you miss a lot?
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