Alltel: Won't Somebody Buy Us?

We reported earlier that Verizon was considering buying up #5 US carrier Alltel. Apparently that's not going as well as hoped, as Reuters is reporting that Alltel is, in fact, shopping itself around to its big brothers. More specifically, they're talking to AT&T. However, this article points out that it's probably just as likely that it's some sort of negotiation move with their real sweetheart, Verizon. It doesn't make much sense for GSM-using AT&T to pick up (primarily) CDMA-using Alltel anyway, it would be much easier to Verizon to swallow them up.

Alltel Corp. (AT.N: Quote, Profile , Research) has stepped up efforts to sell itself to carriers such as AT&T Inc. (T.N: Quote, Profile , Research), Verizon Communications Inc. (VZ.N: Quote, Profile , Research) and Sprint Nextel Corp. (S.N: Quote, Profile , Research), said people familiar with the matter,

Read: Alltel steps up efforts to sell itself - WSJ | Business News |

WC Staff