Salem, Mass.-based Atlantic Tele-Network (ATN) will acquire some of the ex-Alltel markets Verizon Wireless (NYSE: VZ) was forced to divest as part of its take-over of Alltel (NYSE: AT). ATN is paying about $200 million for 800,000 subscribers in rural areas in Georgia, North Carolina, South Carolina, Illinois, Ohio and…

Verizon Communications (NYSE: VZ) provided a very bullish outlook on the company’s financial position of its wireless unit today, by saying that it will likely beat its own estimates of achieving 43 percent to 45 percent profit margins, Reuters reports. The company’s CFO John Killian said today that unless there…

Verizon Communications (NYSE: VZ) reported first-quarter financial results today, which were propped up considerably by the acquisition of Alltel (NYSE: AT). The company said operating revenues jumped 11.6 percent to $26.6 billion, compared to the year-ago period. Without the help of Alltel, revenues would have only increased by 3.3 percent.…

The WSJ.com has an interview with Verizon (NYSE: VZ) CEO Ivan Seidenberg, who spoke on a wide variety of hot-button Verizon topics, including the stake that the UK’s Vodafone (NYSE: VOD) still holds in the carrier; the rise of unlimited pre-paid plans; and the oft-rumored possibility of the iPhone coming…

Verizon’s wireless telephone assets that it is being forced to sell following its acquisition of smaller rival carrier Alltel (NYSE: AT) has attracted bids from at least three private equity firms, according to Reuters, which cited “sources familiar with the situation.” Private equity firm Blackstone Group submitted a bid, while…

AdMob and iPhone App discoverability: Mobile Ad Network AdMob announced it is launching an iPhone Download Exchange that will allow 1,000 of the iPhone applications that uses its ad network to help customers discover their applications. The developers, who decide to participate, will exchange ad inventory to help promote each…

In June, when Verizon Wireless (NYSE: VZ) first announced its intentions to acquire Alltel (NYSE: AT) to form the largest U.S. carrier, I asked the question: Is Verizon buying Alltel for its subscribers, or also for its scrappy approach to the market? Of course, the jury is still out, but…

When Verizon Wireless (NYSE: VZ) bought Alltel (NYSE: AT) last year, it agreed to divest roughly $3 billion in assets in order to get the deal approved. Now the short list on who is interested in those assets leaked out today. The WSJ reported the parties include Verizon’s chief rival,…

Verizon Wireless (NYSE: VZ) has completed the $5.9 billion purchase of Alltel (NYSE: AT) from Atlantis Holdings LLC. The deal, which was announced back in early June, in what seems like a lifetime before the fall’s credit crisis, has Verizon taking Alltel’s $22.2 billion debt. Aside from managing the debt,…

The Federal Trade Commission has no objections to Verizon (NYSE: VZ) Wireless’ acquisition of Alltel (NYSE: AT) Corp and have signed off on the deal, the AP reports. Regulators approved an early termination of their antitrust review and made way for a new top carrier in the U.S. Already, Verizon…

MobiTV is reporting that it just surpassed 5 million subscribers and it took just less than four months for the company to bring the last million on board. Growth slowed somewhat when the company sought to climb from three to four million subscribers earlier this year, but the most recent…

Verizon’s just a few steps away from becoming the top dog in the carrier race. The FCC has told the carrier it will have to divest business holdings in a total of 105 markets within 120 days to close the acquisition of Alltel (NYSE: AT), RCR reports. The FCC agreed…

As Verizon (NYSE: VZ) Wireless’ acquisition of Alltel (NYSE: AT) nears, AT&T makes a buy of its own—but it won’t be enough to retain the No. 1 spot in the U.S. AT&T said today that it plans to acquire Centennial Communications Corp, a rural carrier that operates in Midwest and…

Four of the smaller U.S. carriers—Alltel (NYSE: AT), U.S. Cellular, MetroPCS and Leap Wireless, reported third-quarter earnings this week. Here’s a highlights from the financial performances: —Alltel: The Little Rock, Arkansas-based company reported a net loss of $55.2 million on revenues of $2.5 billion. The loss was due to the…

As expected, the FCC has approved two major wireless deals: Verizon’s acquisition of Alltel (NYSE: AT), thereby creating the country’s largest wireless carrier, and Sprint’s plan to spin off and merge its WiMAX network with Clearwire (NSDQ: CLWR). The approvals aren’t much of a surprise from an agency that’s already…

FCC chairman Kevin Martin has dropped his controversial proposal to overhaul telecoms rules from today’s meeting of the commission. Martin was hoping to get a vote on the controversial Intercarrier Compensation rules and Universal Fund, but the opposition was too much to ignore. As the AP notes, not only were…

Deutsche Telekom (NYSE: DT) may own too much of T-Mobile USA, according to a federal regulator who was quoting a rule that bars foreign companies from owning more than a 20 percent stake. “T-Mobile USA’s level of foreign ownership through the existing ownership structure appears to be in violation” of…

Those hoping for the FCC to delay its vote on white spaces, or the rates phone companies pay one another to transfer calls, have lost their chance. Same goes for the regulatory agency’s pending vote on Verizon’s acquisition of Alltel (NYSE: AT) and the Clearwire (NSDQ: CLWR) merger. The FCC…

Alltel Wireless (NYSE: AT) is adding Spanish-language programming to its offerings by securing deals with both Univision’s Movil and GoTV Networks’ Es Musica video channels. Univision’s Movil will feature popular shows from the network along with clips from award shows and sporting events. GoTV’s Es Musica includes live-event coverage, music…