Alltel Targeted Sprint, AT&T, and T-Mobile

Although Verizon got the last word, Alltel’s CEO, Scott Ford, reveals that Alltel “tried to buy Sprint three times, tried to buy AT&T Wireless [and] tried to buy T-Mobile.” He added that “some of those times it went with partners, [while] some of those times it didn’t.” Essentially, Alltel was “doing everything it could to get to a national platform.”

You can get all the sordid details at mocoNews.

Source: mocoNews via engadget

Alltel has $27.5 billion reasons to smile

I take a 5 day blogging hiatus and look what happens in the wireless world – go Alltel.

Although I’m hardly providing breaking news, Andrew Farrell’s Forbes.com article is worth repeating here:

Goldman Sachs and TPG apparently nab wireless-provider Alltel in a $27.5 billion takeover.

Wow, that’s pricey.

Maybe that’s what high cash flow, low debt, and a history of strong performance will get you these days.

So, what do you think that means for the other rural providers?