In an all-cash deal worth $780 million, AT&T Inc. said it will buy Atlantic Tele-Network Inc.’s domestic retail wireless business, which is operated under the brand name Alltel by subsidiary Allied Wireless Communications Corporation. AT&T will gain 585,000 subscribers and wireless properties, including licenses, network assets and retail stores.
Allied serves rural areas across Georgia, Idaho, Illinois, Ohio, North Carolina and South Carolina. The Little Rock, Ark.-based company generated $350 million in revenue for the first nine months of 2012.
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