Atlantic Tele-Network to buy Alltel assets.Atlantic Tele-Network Inc. of Salem, Mass., has reached an agreement to buy Alltel Corp. divestiture assets in a deal worth about $200 million. The assets include Wireless spectrum licenses and network assets serving about 800,000 subscribers in mostly rural areas in Georgia, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina, Illinois, Ohio and Idaho, according to a news release. ATN ATN Acute tubular necrosis, see there will pay about $90 million in cash to Verizon Wireless, which bought Alltel, for the assets. ATN will borrow the rest. The acquisition is subject to regulatory approval by the Department of Justice and the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. . ATN expects the deal to close during the third or fourth quarter of this year. The FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. and the DOJ (Department Of Justice) The legal arm of the U.S. government that represents the public interest of the United States. It is headed by the Attorney General. ordered Verizon Wireless to divest assets in 105 markets as part of the $28.1 billion Alltel merger, which closed in January. AT&T recently snapped up some of the assets in limbo, including about 1.5 million subscribers, for about $2.35 billion. |
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