Alltel to Spin Off Wireless Business
An AP newswire article by Chuck Bartels, via Yahoo! News, reports that:
Alltel Corp., one of the nation's largest telecom service providers to rural areas, said Friday it would spin off its traditional phone division to shareholders and combine it with Valor Communications Group Inc. in a deal valued at $4.9 billion plus debt.
Alltel's move would turn it into a pure wireless company.
posted by Fergie @ 12/09/2005 08:17:00 AM
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