ALLTEL Completes Sale of Financial Services Division of AIS.Business Editors/High-Tech Writers LITTLE ROCK, Ark.--(BUSINESS WIRE)--April 1, 2003 ALLTEL (NYSE NYSE See: New York Stock Exchange : AT) today completed the sale of the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. division of ALLTEL Information Services See Information Systems. to Fidelity National Financial Inc. of Irvine, Calif. About 5,500 AIS employees have transitioned to Fidelity National as part of the transaction, which is valued at $1.05 billion, payable as $775 million cash and $275 million in Fidelity National common stock. The telecom services division of ALLTEL Information Services will remain with ALLTEL and is not part of the transaction. ALLTEL is a customer-focused communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. with more than 12 million customers and nearly $8 billion in annual revenues. ALLTEL provides wireless, local telephone, long-distance, Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and high-speed data services to residential and business customers in 26 states. ALLTEL, NYSE: AT www.alltel.com |
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