AT&T agrees to buy Alltel for $780 million in cash

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http://www.talkandroid.com – AT&T announced this morning that they have entered into a deal to acquire the Alltel wireless network currently owned by Atlantic Tele-Network, Inc. AT&T will pay cash to acquire the wireless properties, licenses, network assets, retail stores, and roughly 585,000 Alltel subscribers. Alltel currently operates in Georgia, Idaho, Illinois, North Carolina, Ohio, and South Caroline, primarily in rural areas that cover about 4.6 million people. The purchase will help AT&T secure additional spectrum in the 700 MHz, 850 MHz and 1900 MHz bands. Alltel operates a CDMA network that should p (IT news)