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Alltel to buy TDS cellular assets for $140 million in Wireless Topics; "Reuters Alltel to buy TDS cellular assets for $140 million ..."




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Old 08-04-2004, 10:40 AM    #1

 
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Default Alltel to buy TDS cellular assets for $140 million

Reuters
Alltel to buy TDS cellular assets for $140 million
Wednesday August 4, 9:06 am ET


WASHINGTON, Aug 4 (Reuters) - Alltel Corp., (NYSE:AT - News) the leading U.S. rural telephone company, on Wednesday said it would buy certain wireless assets from subsidiaries of Telephone and Data Systems Inc. (AMEX:TDS - News) for about $140 million.
The assets from United States Cellular Corp. (AMEX:USM - News), a subsidiary Telephone and Data Systems, and TDS Cellular include parternship stakes and wireless properties in nine markets. Alltel said it expected the deal to close by the end of the year.
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Old 08-04-2004, 10:43 AM Original Poster Original Poster    #2

 
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Default Re: Alltel to buy TDS cellular assets for $140 million

More info...

USCC selling off some of their network eh?
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Old 08-04-2004, 10:52 AM    #3

 
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Default Re: Alltel to buy TDS cellular assets for $140 million

USCC and Alltel should just merge all together. Let the bashing begin!
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Old 08-04-2004, 11:16 AM    #4

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Default Re: Alltel to buy TDS cellular assets for $140 million

Here is a more detailed article stating the transaction of both US Cellular and TDS Telecom.

U.S. Cellular and TDS Telecom to Sell Wireless Assets to ALLTEL
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Old 08-09-2004, 11:03 PM    #5

 
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Default Re: Alltel to buy TDS cellular assets for $140 million

The Ohio and Florida markets sold were islands for U S Cellular. I know Florida was for sale for at least five years, just had to find the right buyer.
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