AT&T's take over of Alltel affects 1.5 million customers
On May 8, AT&T has purchased Verizon Wireless assets for $2.35 billion in cash. The AT&T purchase will affect 1.5 million Alltel customers (Verizon purchased Alltel earlier this year) in 79 service areas across 18 states in the United States.
The states affected by the acquisition are Alabama, Arizona, California, Colorado, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia and Wyoming.
The transaction is not finalized and will have to have regulatory approval before the purchase is complete, said Kerry Hibbs, AT&T spokesman. The final approval and acquisition should be complete by the end of 2009 with the conversion to AT&T service expected to take until the end of 2010, Hibbs said.
As part of Verizon/Alltel purchase agreement Verizon is required to sell 79 Alltel services areas to meet regulatory approvals.
Alltel customers don’t have to worry about switching plans or upgrading phones until their Alltel contract runs out. The majority of Alltel phones are compatible with the Verizon network and once their contract is up the can choose to stay with Verizon or leave. Customers don’t need to run out and pick up an iPhone just yet but subscribers will be able to enjoy largest 3G network in the nation. The worldwide network features high-speed data transmission for sending pictures, graphics and data.
“As we get closer to something actually happening, Alltel customers will get notification from AT&T,” Hibbs said. “The change over will be seamless for customers. There’s nothing the consumer has to do or worry about.”
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