
AT&T will acquire Alltel, the mobile operator owned by Atlantic Tele-Network, Inc. (ATNI), for $780 million in cash.
The deal includes wireless licenses, wireless properties, network assets, retail stores and approximately 585,000 subscribers. This business generated revenues for the first nine months of 2012 of approximately $350 million.
Alltel operates a CDMA network covering approximately 4.6 million people in primarily rural...