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Alltel acquisition rumors heat up
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Posted on
Mar 07 2007 8:30 AM
by
Xtrmius
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Despite the fact that its fellow carriers play the fool in those sometimes-clever My Circle commercials, Alltel is in talks with at least three of its rivals to see if any are interested in picking up "the nation's largest wireless network," according to the Wall Street Journal. Alltel, with its 12 million subscribers and $22 billion market valuation, claims just one-fifth the amount of subs that either AT&T or Verizon do, but has made it niche serving customers in areas with poor coverage by the majors -- making it an attractive target for anyone looking to quickly expand their network.
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