x

Alltel Acquisition Rumor Flare-Up

2:45 PM -- The WSJ Deal Blog now speculates that Alltel Corp. (NYSE: AT) could be acquired by larger rival AT&T Inc. (NYSE: T).

Just one problem with that. The GSM-based networks that AT&T -- formerly Cingular -- operates don't work with Alltel's CDMA setup. Obviously, this is not an insurmountable problem. Sprint Corp. (NYSE: S) is running two major networks and adding a third.

But then again Sprint is still feeling the weight of its merger costs a few years after the fact. (See Sprint Revenue Up, Profit Down.)

— Dan Jones, Site Editor, Unstrung

Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE