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Article: United States: AT&T acquisition to beef up 3G coverage in rural US.
- Article from:
- TendersInfo
- Article date:
- May 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
AT&T on Friday confirmed plans to acquire wireless properties from rival Verizon in a bid to strengthen coverage of its 3G network in rural areas of the US stretching across some 18 states.
The deal for $2.35 billion in cash will see the exclusive US iPhone carrier take control of 18 of the 24 markets that Verizon is divesting as part of its recent acquisition of Alltel Wireless, which helped the telecommunications firm snatch the title of the largest US wireless carrier away from AT&T.
More specifically, Fridays agreement will see AT&T acquire wireless properties, including licenses, network assets and 1.5 million current ...