M&A Deal Summary

Alltel Acquires Midwest Wireless

On October 6, 2006, Alltel acquired communications company Midwest Wireless for 1.1B USD

Acquisition Highlights
  • This is Alltel’s 2nd transaction in the Communications sector.
  • This is Alltel’s 2nd largest (disclosed) transaction.
  • This is Alltel’s 3rd transaction in the United States.
  • This is Alltel’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2006-10-06
Target Midwest Wireless
Sector Communications
Buyer(s) Alltel
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Midwest Wireless

Mankato, Minnesota, United States
Midwest Wireless was a wireless telephone company serving southern Minnesota, northern Iowa and western Wisconsin in the United States.

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Buyer(S) 1

Buyer

Alltel

Little Rock, Arkansas, United States

Category Company
Founded 1943
Sector Communications
Employees85,600
DESCRIPTION

Alltel Corp. is an owner and operator of a wireless network and has approximately 12 million wireless customers, both individuals and businesses. Alltel owns a majority interest in wireless operations in more than 100 metropolitan service areas and a majority interest in more than 200 rural service areas.


DEAL STATS #
Overall 3 of 3
Sector: Communications M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Minnesota M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2006 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-17 Windstream

Little Rock, Arkansas, United States

Windstream is a provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas. Windstream was founded in 2006 and is based in Little Rock, Arkansas.

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