Atlantic Tele-Network Inc’s United States wireless brand, better known as Alltel, is being currently in the process of being bought by AT&T for $780 million. The idea is to help boost signal in rural regions.
Georgia, Illinois, North and South Dakota, Idaho, and Ohio hold 585,000 Alltel customers. AT&T said what they are buying is complementary to its current network.
After AT&T’s failed attempt to buy out T-Mobile USA for $39 back in late 2011, the company has tried to find other ways to meet data service growth from smartphone users by expanding their network to improve over all capacity.
After being reviewed by the U.S. Federal Communications Commission and the Justice Department, AT&T expects the deal to close the second half of the year.
Atlantic Tele-Network will still have telecom operations in New England, the U.S. Southwest, New York State, Guyana, Bermuda and portions of the Caribbean islands.
If you would like to read the whole story Click Here.