Alltell

(Newser) - Phone customers still dialing up using old analog networks will be out of luck—and service—beginning Feb. 18 when the nation’s wireless companies shut down the outdated technology and switch to digital. Of the quarter-billion American cell phone users, the vast majority use digital networks, but some 1...

(Newser) - The FCC approved a $24.7 billion takeover of Alltel yesterday, but not without imposing some restrictions on the deal and criticism from two of its top officials. Alltel, the nation’s fifth-largest wireless carrier, will now transfer its licenses to TPG Capital and GS Capital Partners, a subsidiary of...

(Newser) - A consortium led by the Texas Pacific Group and Goldman Sachs yesterday snapped up the nation's fifth-largest wireless provider for $27.5 billion, the largest telecom buyout ever. The $71.50 per share offer for Alltel awaits shareholder and regulatory approval and comes weeks before a scheduled auction for the...