Friday, November 25, 2005

Alltel May Sell Wireline Business

Via Red Herring.

Alltel is in negotiations with as many as three U.S. telecommunications carriers to sell its wireline business for about $10 billion, according to a report on Friday.

The Little Rock, Arkansas-based carrier is in late-stage negotiations with Citizens Communications of Stamford, Connecticut; CenturyTel of Monroe, Louisiana; and Valor Communications of Irving, Texas, according to the Financial Times.

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