Tuesday, May 12, 2009

AT&T to buy divested Verizon assets for $2.35B - Business Center - PC World

May 11, 2009

AT&T has agreed to pay US$2.35 billion for network assets in 18 U.S. states that Verizon Wireless has to divest as part of its acquisition of Alltel last year.

Under the cash deal, announced late Friday, AT&T will also acquire licenses in 79 service areas across that region, mostly in rural regions, and 1.5 million subscribers, the carrier said in a statement...