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ALLTEL COMPLETES COMPUTER POWER ACQUISITION

 ALLTEL COMPLETES COMPUTER POWER ACQUISITION
 LITTLE ROCK, Ark., Feb. 28 /PRNewswire/ -- ALLTEL Corporation


(NYSE: AT) announced today that it has completed its previously announced acquisition of Computer Power, Inc. (CPI). CPI will now become a division of Systematics, ALLTEL's information services subsidiary.
 CPI, headquartered in Jacksonville, Fla., is the leading provider of data processing services to financial institutions originating and/or servicing single-family mortgage loans.
 Systematics Information Services, with clients in 46 states and 27 countries, provides data processing management, services and software for the financial and telecommunications industries.
 ALLTEL Corporation provides telephone service to 1.2 million customers in 25 states and has subsidiaries or investments in companies that provide cellular telephone, long-distance and information services, communications products and other related services.
 -0- 2/28/92
 /CONTACT: Ron Payne, vice president-corporate communications, ALLTEL Corp., 501-661-8989/
 (AT) CO: ALLTEL Corporation ST: Arkansas IN: TLS SU: TNM


SM -- CL002 -- 3599 02/28/92 09:12 EST
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Publication:PR Newswire
Date:Feb 28, 1992
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