As expected, Atlantic Tele-Network (ATN) today completed the acquisition of the Alltel properties that were being sold by Verizon Wireless. ATN announced the closing of the purchase and paying $223 Million as the final price. But the big news is they will keep the Alltel name for many years. They also will be able to use the Alltel name in some other markets.
We suspected the final retail name would not be "Allied Wireless" because ATN never reserved the domain name, alliedwireless.com. As a matter of fact, we were offered to buy the Allied Wireless web address. We're going to guess that several of the Commnet Wireless markets will become new "Alltel" markets and will be able to offer local retail services under the Alltel name, making wireless products immediately available in a whole lot more places than the markets in the 6 states involved in today's Verizon Wireless transaction.
We are fairly certain that the Commnet sites will be involved in the new Alltel network, and since Commnet already has good roaming relationships with most other carriers, the new Alltel gets a nice jump out of the gate. Go Chad, go!