Alltel deal - quote at GigaOM May 22, 2007
Posted by chetan in : US Wireless Market , trackbackOm did the story on Alltel going private. My quote was in the story
Chetan Sharma pointed out that wireless world is following the rule of three and since Verizon, Cingular and Sprint account for 75% of the total wireless market in the US, the buyout shouldn’t come as a surprise. Alltel has been looking to merge with Sprint or Verizon but both were not interested at this time.
Nevertheless, Alltel isn’t that bad a buy, and has a EV-DO Network in place. Sharma says, “My sense is that the private equity group will continue to operate the company and start offloading bits and pieces (by regions) when the timing is right for Verizon and Sprint.”
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[...] Verizon’s acquisition of Alltel wasn’t that unexpected. It will be interesting to watch the big two go at each other - AT&T and Verizon. Verizon has now taken most of the major bragging rights in the US market. It will be hard for others to catch-up. Then there is the question of T-Mobile. Can it survive as is? [...]