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Alltel Buyout Boosts Smaller Wireless Providers

Filed in archive Mobile by jeff goldman on May 21, 2007

Alltel Buyout Boosts Smaller Wireless Providers

Forbes' Andrew Farrell reports that the $27.5 billion takeover of Alltel by Goldman Sachs and TPG may well result in an industry-wide boost for smaller wireless providers.

"Some smaller wireless companies could look ripe for private equity firms, especially those with a strong foothold in Suburbanlinks and rural areas like Alltel," Farrell writes. "Two received a boost Tuesday, with Dobson Communications up 39 cents, or 3.9%, to $10.51, and Rural Cellular gaining 2.0%, or 58 cents, to $30.11."

More here from the Washington Post ... more here from Reuters ... and more here from InfoWorld.



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Tags: Alltel  buyout  Goldman  Sachs  TPG  Dobson  Communications  Rural  Cellular  wireless  mobile  providers  carri 

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