Alltel Completes Purchase of Midwest Wireless
October 3rd, 2006
Alltel Wireless announced today the completion of its $1.075 billion purchase of Midwest Wireless. Alltel expects to gain approximately 450,000 wireless customers in southern Minnesota, northern and eastern Iowa, and western Wisconsin, expanding the company’s 850 MHz wireless business into contiguous markets that cover a population of 1.9 million.
The addition of Midwest Wireless bolsters Alltel’s position in the wireless industry by adding CDMA properties that are contiguous to our existing markets in the Midwestern U.S.
Related to the Midwest Wireless closing, Alltel has agreed to divest four rural markets in southern Minnesota that Alltel acquired from Western Wireless in 2005. The divestiture is part of an agreement with the Department of Justice.
