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| ALLTEL Buys Western Wireless |
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January 10, 2005
The consolidation of the wireless industry continues unabated in the new year. Arkansas-based Alltel has reached an agreement to purchase Western Wireless Corporation in a stock-and-cash transaction valued at approximately $6 billion.
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? ALLTEL Buys Western Wireless
With the merger of the two systems, ALLTEL will gain about 1.4 million wireless customers in 19 western and mid-western states that are contiguous to existing properties, giving the company 10 million domestic wireless customers in 33 states. It also adds 1.6 million international customers in six countries.
"This transaction strengthens ALLTEL's position as the nation's top regional communications company and makes sense financially and strategically," said Scott Ford, ALLTEL president and CEO.
Western Wireless, based in Bellevue, Wash., is a rural communications provider with wireless operations in 107 markets in 19 states and international operations that are licensed to service more than 50 million people in six countries, primarily Austria and Ireland. The domestic retail stores operate under the Western Wireless and Cellular One brand names.
"The wireless industry is gravitating swiftly to a smaller number of large national and regional players," said John W. Stanton, chairman and CEO of Western Wireless. "The combination of Western Wireless with ALLTEL creates a rural operator using multiple technologies with the largest footprint in the country."
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