M&A Deal Summary

AT&T Mobility Acquires Alltel

On January 9, 2009, AT&T Mobility acquired communications company Alltel from Verizon Communications

Acquisition Highlights
  • This is AT&T Mobility’s 2nd transaction in the Communications sector.
  • This is AT&T Mobility’s 2nd transaction in the United States.
  • This is AT&T Mobility’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2009-01-09
Target Alltel
Sector Communications
Buyer(s) AT&T Mobility
Sellers(s) Verizon Communications
Deal Type Divestiture

Target

Alltel

Little Rock, Arkansas, United States
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.

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Buyer(S) 1

Buyer

AT&T Mobility

Atlanta, United States
Category Company
Sector Communications
DESCRIPTION

AT&T Mobility LLC provides wireless voice and data communications services and products to individual, business, and government users in the United States.

DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Divestiture) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 2 of 2
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-26 New Cingular Wireless Services

Redmond, Washington, United States

New Cingular Wireless Services, Inc., doing business as AT&T Mobility, provides wireless communications service in the United States.

Buy $41.0B

Seller(S) 1

SELLER

Verizon Communications

New York, New York, United States
Category Company
Founded 1983
Sector Communications
Employees104,400
Revenue 134.0B USD (2023)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York City.

DEAL STATS #
Overall 4 of 13
Sector (Communications) 3 of 7
Type (Divestiture) 3 of 12
State (Arkansas) 1 of 1
Country (United States) 4 of 13
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-04 Alltel

Little Rock, Arkansas, United States

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.

Buy $28.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-13 Verizon Access Lines Assets

New York, New York, United States

Verizon Access Lines Assets is a pure rural communications services provider and the nation’s fifth largest incumbent local exchange carrier (ILEC) with more than 7 million access lines, 8.6 million voice and broadband connections and 16,000 employees in 27 states.

Sell $8.6B
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