Alltel Acquisition Rumor Flare-Up
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