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  • Alltel tried to buy Sprint, T-Mobile and AT&T as a public company

    Filed under: Alltel , ATT , Sprint , T-Mobile , Verizon Wireless , GSM , EDGE , EV-DO , HSDPA , CDMA , Misc Unless you've been camped out under a Rhode Island-sized boulder for the past few weeks, chances are you know that Verizon has announced its intentions to acquire Alltel . During a recent interview with CEO Scott Ford, Talk Business host Roby Brock was able to get quite a few talking points out of the exec that didn't involve the most recent transaction . More specifically, Mr. Ford noted that prior to Alltel becoming a private company , it had "tried to buy Sprint three times, tried to buy AT&T Wireless [and] tried to buy T-Mobile." He continued by saying 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." Believe it or not, those quotes really are just the tip of the iceberg, but the full spill is entirely too detailed for this space. If you're curious to know what might have been, break out the reading glasses and hit the link below. [Via mocoNews ] Read | Permalink | Email this | Comments
  • Verizon "in talks" to buy Alltel for $27 billion

    Filed under: Alltel , Verizon Wireless , EV-DO , CDMA Verizon has certainly courted Alltel before , but this time, the two could finally be rounding third base. According to a breaking report at CNBC , Verizon is "in deep in talks to acquire Alltel," which of course is America's fifth largest wireless carrier. It's no secret that Alltel has been riding fairly high of late , and unless your memory is totally shot, you'll likely recall that it was just recently "taken private by TPG and Goldman Sachs Capital Partners in a $27.5 billion deal ." Not surprisingly, officials at both outfits refused to comment on the rumblings, but if this does indeed go down, analysts are expecting Verizon to pay around 8x Alltel's current EBITDA, whereas TPG / Goldman Sachs paid 9.2x. We'll keep you posted on any developments. Read | Permalink | Email this | Comments
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