Additional Information
Market: NYSE
Sector: Telecoms services
EPIC: T
Latest Price: 34.96  (0.63% Ascending)
52-week High: 36.74
52-week Low: 31.86
Market Cap: 181,442.00M
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AT&T Inc.
www.att.com

AT&T Inc. (AT&T) provides telecommunications services and products to consumers in the United States and services and products to businesses and other providers of telecommunications services worldwide.

AT&T buys rural area spectrum for $780 mln

22nd Jan 2013, 8:45 am by Deborah Bacal
Atlantic Tele-Network's U.S. network covers about 4.6 million people in rural areas of Georgia, Idaho, Illinois, North Carolina, Ohio and South Carolina. It generated revenues for the first nine months of last year of roughly $350 million. Atlantic Tele-Network's U.S. network covers about 4.6 million people in rural areas of Georgia, Idaho, Illinois, North Carolina, Ohio and South Carolina. It generated revenues for the first nine months of last year of roughly $350 million.

AT&T (NYSE:T) said it would buy Atlantic Tele-Network's (NASDAQ:ATNI) U.S. retail wireless operations, operated under the Alltel name, for $780 million in cash. 

The deal includes licenses, network assets, retail stores and around 585,000 subscribers. 

Atlantic Tele-Network's U.S. network covers about 4.6 million people in rural areas of Georgia, Idaho, Illinois, North Carolina, Ohio and South Carolina. It generated revenues for the first nine months of last year of roughly $350 million.

The deal is expected to close in the second half of this year. 

Following the close of the sale, Atlantic Tele-Network’s businesses will consist of Commnet, serving rural communities primarily in the Southwest U.S.; Sovernet, serving residential and business customers in New England; ION, serving rural communities in New York State; GT&T, serving Guyana; CellOne, serving Bermuda; and Choice, Islandcom and Mio, serving portions of the Caribbean islands.

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