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ALLTEL Completes Local Telephone, Wireless Purchases; Company Adds 1.3 Million New Communications Customers.


Business Editors & High Tech Writers

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Aug. 1, 2002

ALLTEL (NYSE NYSE

See: New York Stock Exchange
:AT) today announced it has completed its purchases of local telephone properties in Kentucky Kentucky, state, United States
Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R.
 and wireless properties across six states, adding about 1.3 million new communications customers.

ALLTEL purchased local telephone properties serving about 600,000 customers in Kentucky from Verizon for $1.9 billion in cash. ALLTEL also purchased the wireless properties owned by CenturyTel Inc., including more than 700,000 customers in Arkansas, Louisiana, Michigan, Mississippi, Texas and Wisconsin, for $1.57 billion in cash. The price for the CenturyTel properties changed from the previously announced price of $1.65 billion to reflect the exclusion of certain non-managed wireless interests.

"These purchases reflect ALLTEL's balanced approach of expanding both our wireline and wireless businesses in areas complementary to our existing operations," said Scott Ford Founding bassist for LA supergroup Camp Freddy. Current bassist for The Twilight Singers. Scott Ford hosts a 3 hour show on Internet Radio Station Little Radio on Thursdays. , ALLTEL's president and chief executive officer. "These acquisitions also bring potential for selling additional features and services by bundling our long-distance with local telephone service in Kentucky and by introducing national and regional calling plans in the new wireless markets."

The addition of the Kentucky local telephone properties increases ALLTEL's total local telephone lines by about 25 percent to more than 3 million.

ALLTEL's total number of wireless customers increased to more than 7.5 million with the addition of the new wireless properties. Also included in the wireless transaction are minority partnership interests in cellular operations of about 1.8 million proportionate pro·por·tion·ate  
adj.
Being in due proportion; proportional.

tr.v. pro·por·tion·at·ed, pro·por·tion·at·ing, pro·por·tion·ates
To make proportionate.
 POPs, or potential customers, and PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1.  licenses covering 1.3 million POPs in Wisconsin and Iowa.

ALLTEL, with more than 12 million communications customers and more than $7.5 billion in annual revenues, is a leader in the communications and information services See Information Systems.  industries. ALLTEL has communications customers in 26 states and provides information services to telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , financial and mortgage clients in more than 50 countries.

ALLTEL, NYSE: AT

www.alltel.com
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
Angry soon 2b ex customer
Etha Gray (Member): Alltel is a cheating company 9/2/2007 1:52 PM
This may not be related to your subject, but customers need to know that when their contract is almost up, Alltel will add charges tto their lines. After specifically stating that two teenagers were on a month to month service only, they allowed a seventeen year old to go into their store in Mexia, TX and purchase a phone on a two year contract without my permission. Now they are refusing to take the charge off my account, even though I explained that this was done without my knowledge. I have been with them since 2002 and have had several phones with them. This does not matter to them. However, if these charges are not removed, I will take them to small claims court. This is highway robbery and I do not intend to sit still for it. I might add that I am an elderly woman.

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Comment:ALLTEL Completes Local Telephone, Wireless Purchases; Company Adds 1.3 Million New Communications Customers.
Publication:Business Wire
Geographic Code:1U6KY
Date:Aug 1, 2002
Words:316
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