Alltel Plans to Buy Midwest Wireless
Rural wireless operator Alltel Corp. said today it will buy privately held Midwest Wireless Holdings Inc., gaining 400,000 customers in southern Minnesota, northern and eastern Iowa, and western Wisconsin. Alltel will pay $1.075 billion in cash for Midwest Wireless? licenses, customers and network assets, which include 1.9 PCS spectrum. Alltel?s stock fell 11 cents on the ... (161 words)
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ALLTEL, Western Wireless Complete Merger
ALLTEL said today it has completed its $6.5 billion merger with Western Wireless Corp. ALLTEL is issuing approximately 54.3 million shares of common stock and paying $933.4 million in cash for Western Wireless. ALLTEL also will assume estimated net debt of $2.1 billion. Through the Western Wireless acquisition, ALLTEL is gaining about 1.4 million wireless customers ... (199 words)
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