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updated 11:21 AM EST 01.22.13
AT&T acquires remaining Alltel assets from ATNI for $780M
AT&T has made an agreement with Atlantic Tele-Network Incorporated to acquire its rural wireless business. The purchase of Alltel will cost AT&T $780 million, but it will net the carrier a number of wireless properties, retail locations, network equipment, an extra 585,000 existing subscribers, and also wireless licenses.