Alltel Buys Western Wireless for $4.4 Bln
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Alltel Corp. AT.N, the leading rural  telephone company, on Monday said it would buy Western Wireless  Corp. WWCA.O for about $4.4 billion to help it compete better  in the rapidly consolidating U.S. wireless industry.
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Alltel Corp.'s proposed $24.7 billion acquisition by private- equity firms may lead to the sale of other mobile-phone providers that serve rural areas.  Dobson Communications Corp., Centennial Communications Corp., Rural Cellular Corp. and United States Cellular Corp.
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German state banking group KfW is selling up to 4 billion euros (2.8 billion pounds) worth of shares in Deutsche Telekom, continuing the privatisation of the German phone operator.
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NEW YORK -- Alltel Corp. , the nation's sixth-largest wireless carrier, is in advanced negotiations about buying Western Wireless Corp. , a Northwest regional carrier which operates mainly under the Cellular One brand, for roughly $4 billion, according to a published report.
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By LAURENCE FROST  PARIS - Alcatel's purchase of U.S. rival Lucent Technologies Inc.
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Sprint Corp. on Wednesday agreed to  buy mobile telephone company Nextel Communications Inc. in a  deal worth $36.3 billion to gain more business customers and  more airwaves to transmit calls.
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Alltel, which has agreed to be bought by private equity investors, posted quarterly profit of $282.6 million as it added more wireless subscribers than expected.
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The Golden Telecom acquisition would cost it $4.3 billion.
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The competition to buy Alltel, the nation's fifth-largest wireless carrier, had been heating up for months, attracting some of the biggest names and deepest pockets in private equity. Then, late Sunday night, Alltel abruptly cut off the bidding two weeks early, agreeing to sell itself to two...
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Mobile phone giant Vodafone sells its 25% stake in Swisscom Mobile for 4.25bn Swiss francs (Â£1.8bn).
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Canadian phone firm Bell Canada agrees to be bought for US$48.5bn, the largest deal of its kind in the country.
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Cingular Wireless, the nation&#39;s largest mobile-telephone operator, said that it would sell some airwave rights and customers to the Alltel Corporation for $170 million to satisfy government conditions on its purchase of AT&amp;T Wireless Services.
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By TOM PARSONS Associated Press  LITTLE ROCK -- A pair of investment firms have agreed to acquire Alltel Corp., the fifth-biggest U.S. wireless company and owner of the nation's largest geographic network, in a deal worth $24.8 billion.
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Wireless telephone company Nextel Communications confirmed Wednesday it is being bought by rival Sprint in a cash and stock deal said to be worth more than $35-billion US.
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Sprint Corp. on Wednesday agreed to buy wireless telephone company Nextel Communications Inc. in a cash and stock deal worth as much as &#36;38.45 billion to gain more business customers and more wireless airwaves to transmit calls.
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U.S. antitrust authorities on Monday  approved Cingular Wireless' plan to acquire rival AT&T Wireless  Services Inc. for $41 billion in cash, creating the nation's  biggest wireless carrier.
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America&#39;s third-largest mobile operator, Sprint, yesterday agreed to buy the fifth-largest, Nextel, in a well-flagged cash and shares deal worth $36.3billion (Â£19billion).