Alltel to Sell Southern Minnesota Properties to Meet Divestiture Requirement.Four Markets to Be Sold to Rural Cellular Corp. LITTLE ROCK, Ark. -- Alltel ALLTEL Corporation (NYSE: AT) is an American telecommunications company with headquarters in Little Rock, Arkansas. Alltel provides wireless services to residential and business customers in 35 states. (NYSE NYSE See: New York Stock Exchange : AT) today announced an agreement to sell four rural southern Minnesota markets to Rural Cellular Corp. in order to comply with divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). requirements related to Alltel's October 2006 purchase of Midwest Wireless Midwest Wireless was a wireless telephone company serving southern Minnesota, northern Iowa and western Wisconsin in the United States. The company served roughly 400,000 customers and used CDMA phone technology. The company's slogan was "We answer to you. . Terms of the transaction with Alexandria, Minn.-based Rural Cellular were not disclosed. The divested properties include licenses, retail stores, employees, customers and the network assets necessary to operate the wireless business. A trustee appointed by the Department of Justice has managed the properties since October. Alltel is owner and operator of the nation's largest wireless network and has more than 11 million wireless customers. Alltel, NYSE: AT www.alltel.com |
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