Alltel to buy Western Wireless, report
Jan 06 2005 - 02:32 AM ET | In The News
With national carriers already consolidated, merger mania has moved onto regional co's--the
New York Times is
reporting that Alltel is planning to purchase Western Wireless for $4 billion. According to sources "Close to the talks," the deal is not yet final but could close within a week.
bq. Combined, Alltel, which is based in Little Rock, Ark., and Western Wireless, based in Bellevue, Wash., would have about $10 billion in revenue and 9.8 million subscribers - about 6 percent of the national market.
Western Wireless has CDMA mobile phone service in 19 Western states.
