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AT&T, Verizon Wireless agree to sell and swap assets

Categories: Announcements, AT&T, Verizon
By: , IntoMobile
Monday, May 11th, 2009 at 1:43 AM

AT&T and Verizon Wireless

AT&T issued a press release announcing its intent to purchase certain Alltel assets as well as some Verizon and Rural Cellular assets from Verizon Wireless. Under the terms of the deal, AT&T will pay $2.35 billion to acquire licenses, network assets and 1.5 million subscribers in 79 regions which include rural areas of Alabama, Arizona, California, Colorado, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia and Wyoming.

The problem, though, is that Alltel’s network relies on CDMA technology, whereas AT&T uses GSM and we’re not sure what will AT&T do about it — they haven’t unveiled details of the transition. They did, however, said the complete AT&T offering (devices, 3G services and WiFi hotspots) will be available to newly acquired customers.

On the other side, AT&T agreed to sell some Centennial Communication assets to Verizon for $240 million in an effort to prevent overlap in some regions. With this deal, Verizon will get about 120,000 subscribers in Louisiana and Mississippi…

[Via: PhoneScoop]

About The Author

Dusan Belic

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.