CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
CBS DFW WEATHER APP: iPhone App Store | Android App Coming Soon | More Information

Business

AT&T To Buy Alltel For About $780 Million

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

454116976 AT&T To Buy Alltel For About $780 MillionKe$sha's Scandalous Pre-VMA Selfie

452359772 10 AT&T To Buy Alltel For About $780 MillionBikini Model Pictures

 alt=New Survivor Cast Photos

453947324 AT&T To Buy Alltel For About $780 MillionIce Bucket Challenge Fail

 alt=Musicians Then And Now

cowb thumb AT&T To Buy Alltel For About $780 MillionCowboys Cheerleaders

DALLAS (AP) – AT&T says it’s reached a deal to buy Alltel U.S. wireless operations for about $780 million to boost its spectrum in rural areas.

The Dallas company is buying the licenses, retail stores and network assets, along with about 585,000 subscribers, from Beverly, Mass.-based Atlantic Tele-Network Inc.

Alltel’s network covers about 4.6 million people in mainly rural areas across six states _ Georgia, Idaho, Illinois, North Carolina, Ohio and South Carolina.

Federal regulators are expected to review the deal, the companies said Tuesday. The companies predict that it will close in the second half of the year.

AT&T says it doesn’t expect integration costs related to the acquisition to significantly affect its earnings or cash flow.

AT&T shares are down 25 cents to $33.19 in premarket trading Tuesday.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out: