This could be huge!!!!
Very interesting development....Potential alltel buyout...your thoughts???
http://www.engadgetmobile.com/2007/02/25/verizon-rea ... »
Here's the articled copied...for you people behind firewalls 🙂
Verizon ready to snatch up Alltel?
Posted Feb 25th 2007 4:30PM by Michael Caputo
Filed under: Alltel, Verizon Wireless
Ahh, the sweet, sweet comfort of the rumor mill. Remember not too long ago when we heard that a certain regional carrier was the talk of a possible buyout? As that rumor is taking shape, it appears that Verizon Wireless as its eyes squarely on ol' Number Five, Alltel. If everything turns out to be on the up-and-up and Big Brother gives the merger a thumbs-up, the happy union will make Big Red the l...
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http://www.engadgetmobile.com/2007/02/25/verizon-rea ... »
Here's the articled copied...for you people behind firewalls 🙂
Verizon ready to snatch up Alltel?
Posted Feb 25th 2007 4:30PM by Michael Caputo
Filed under: Alltel, Verizon Wireless
Ahh, the sweet, sweet comfort of the rumor mill. Remember not too long ago when we heard that a certain regional carrier was the talk of a possible buyout? As that rumor is taking shape, it appears that Verizon Wireless as its eyes squarely on ol' Number Five, Alltel. If everything turns out to be on the up-and-up and Big Brother gives the merger a thumbs-up, the happy union will make Big Red the l...
(continues)
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It's funny this comes up every 2 months. Engadgetmobile has alot of rumors... but no source other then HTC KID said it... I wouldn't doubt VZW has thought about it but was a bid placed?
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This is more than just a blog post on Engadget. This story was making the rounds in the finance media last week. Example:
http://money.cnn.com/2007/02/20/news/companies/allte ... »
Was also written about on "wireless Week" last week.
http://money.cnn.com/2007/02/20/news/companies/allte ... »
Was also written about on "wireless Week" last week.
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Alltel sale could fetch $30 billion
The top rural U.S. wireless provider fueled merger speculation during its earnings call Tuesday.
February 20 2007: 9:56 PM EST
NEW YORK/PHILADELPHIA (Reuters) -- Alltel Corp. could fetch a price tag of $25 billion to $31 billion from private equity firms or other U.S. mobile service providers looking to expand in rural markets, analysts said Tuesday.
Alltel, the top rural U.S. wireless provider, fueled merger speculation when it said during an earnings conference call Tuesday that it was reviewing its strategic options. Analysts said a sale agreement could happen as early as April.
Its shares rose 3.3 percent to $62.40 after the comments, also spurred by better-than-expected quarterly results.
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The top rural U.S. wireless provider fueled merger speculation during its earnings call Tuesday.
February 20 2007: 9:56 PM EST
NEW YORK/PHILADELPHIA (Reuters) -- Alltel Corp. could fetch a price tag of $25 billion to $31 billion from private equity firms or other U.S. mobile service providers looking to expand in rural markets, analysts said Tuesday.
Alltel, the top rural U.S. wireless provider, fueled merger speculation when it said during an earnings conference call Tuesday that it was reviewing its strategic options. Analysts said a sale agreement could happen as early as April.
Its shares rose 3.3 percent to $62.40 after the comments, also spurred by better-than-expected quarterly results.
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Is Alltel Wireless publicly traded stock? If so, how would that work with VZW since it isn't publicly traded... would you just get cash back for your shares or would VZW have to keep those people as shareholders or what?
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Alltel is positioning themselves for a sale, but when they first did it and announced it, nobody bit. At least not publicly. Verizon is the most logical buyer, but may not be in the market. It would vault them over Cingy, and therefore would be hyper motivating for them. So maybe, maybe not!
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