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AT&T ready to pick up some Alltel assets from Verizon

Updated Dec 19th, 2018 6:19PM EST

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Back when Verizon acquired Alltel, the FCC would only give the nod under certain conditions. One of those conditions was that Verizon divest some of Alltel’s assets after the acquisition so the market didn’t look like a Big Red monopoly. As was expected, AT&T is going to pick up a good chunk of those assets for about $2.5 billion. A bargain. Of the 85 divested markets spanning 18 states, AT&T will scoop up about 24 markets and we’re sure the company is being pretty selective as a good chunk of those markets are in less than desirable areas in terms of profitability. Expect the transactions, including those assets left to be divested after AT&T’s transaction, to be concluded by early July.