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AT&T Buying Alltel Spectrum and Subscribers for $780 Million
AT&T, the Dallas, TX-based second largest U.S. wireless services provider, found one way to get more spectrum and increase market share with the statement that it will be purchasing the spectrum and subscribers of Atlantic Tele-Network Inc., which operates in six southern and Midwestern states under the Alltel brand, for $780 million in cash. This will increase the AT&T subscriber base of by 585,000 new customers.

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