Regional carrier ALLTEL today announced plans to spin-off of its wireline business with existing wireline provider VALOR Communications Group. This will allow the company to focus on its wireless service and become a more attractive target for acquisition.
A few notes about the deal:
Sprint Nextel is expected to make a similar move with its wireline business. Some telecom analysts believe either Sprint Nextel or Verizon will buy ALLTEL to boost spectrum holdings and try and capture the largest carrier title. All three companies use CDMA network techology.