←

→

Alltel is officially off the market: FCC approves $24.7B private equity buyout

October 28th, 2007 | Uncategorized

Filed under: Cellphones

The FCC hath spake: TPG Capital and GS Capital Partners (a subsidiary of Goldman Sachs), the two private equity firms looking to buy out the paradoxically national-regional carrier Alltel, have been given the greenlight. The two firms will pony up $24.7 billion (about $2050 per customers) to take Alltel, flush with cash and new customers, off the public market, with the expectation of closing the deal by November 22nd and paying some $71.50 cash per share to current shareholders. Two words: cha-ching.
[Via MoCoNews]
 
Read | Permalink | Email this | Comments

Office Depot Featured Gadget: Xbox 360 Platinum System Packs the power to bring games to life!

Original post by Ryan Block



Related Posts
  • ITreo?: Jonathan Rubinstein of iPod and iMac Fame Set to Helm Languishing Palm
    • While Palm’s stockholders approving a corporate overhaul and a deal to sell 25 percent of the company to a private equity firm sounds like a total snoozer, it’s actually the
  • Cellphones: Alltel just launched the MOTOROKR Z6m, Motorola’s …
    • Alltel just launched the MOTOROKR Z6m, Motorola’s musical slider, that comes preloaded with a unique option: XM Radio Mobile for cell phones, delivering 20 streaming XM channels for $8/month. [Alltel] Original
  • Alltel dives into WiFi, offers up variety of plans
    • Filed under: Cellphones, Wireless Based on a new section of Alltel’s website, it seems pretty safe to say that the carrier is jumping head first into the WiFi arena. Apparently, Alltel
  • LG Glimmer Touchscreen Phone Official on Alltel [Cellphones]
    • LG’s touchscreen + keypad cellphone we saw yesterday just got official for Alltel (whose logo was already prominently featured on the phone anyway, so it’s not much of a surprise).
  • EchoStar unveils its own IPTV transport platform: ViP-TV
    • Filed under: HDTV, Home Entertainment After visiting Dish Network’s booth at CEDIA and noticing a prominent sign boasting of a future relationship with IPTV, we can’t say we’re totally shocked to

    0 comments ↓

    There are no comments yet...Kick things off by filling out the form below.

    You must log in to post a comment.