Alltel Corporation

News and overview for Alltel Corporation

Alltel Adds One Million Gross Wireless Customers in the Third Quarter [Press Release]
Business Wire | 27 days 6 hours 54 minutes ago
Alltel achieved strong customer growth in the third quarter, adding more than 1 million gross customers for the fourth consecutive quarter. Net customer additions increased 63 percent year-over-year.


Fitch Rates Cellco Partnership/Verizon Wireless Capital Offering 'A'; Outlook Stable [Press Release]
Business Wire | 13 days 1 hour 57 minutes ago
Fitch Ratings has assigned an 'A' rating to the proposed offering of $3 billion or more of a combination of five- and 10-year notes co-issued by Cellco Partnership/Verizon Wireless Capital LLC in a private placement. Proceeds will be used to pay for a portion of the total cost of the pending acquisition of Alltel Corporation (Alltel), including the purchase of Alltel's shares, the refinancing of its debt and related fees and expenses. The Rating Outlooks for Cellco Partnership and Verizon Wir...


Fitch Downgrades Verizon Communications' IDR to 'A'; Rates Verizon Wireless [Press Release]
Business Wire | 26 days 1 hour 1 minute ago
Fitch Ratings has downgraded the ratings of Verizon Communications Inc. (Verizon) (NYSE:VZ) as follows in anticipation of the close of the acquisition of Alltel Corporation (Alltel) by Cellco Partnership a Delaware general partnership doing business as Verizon Wireless (VZW).


Verizon Wireless To Acquire Alltel; Will Expand Nation's Most Reliable Wireless Network [Press Release]
PRNewswire | 179 days 3 hours 1 minute ago
BASKING RIDGE, N.J., and LITTLE ROCK, Ark., June 5 /PRNewswire/ -- Verizon Wireless has entered into an agreement with Alltel Corporation and Atlantis Holdings LLC, an affiliate of private investment firm TPG Capital and GS Capital Partners, to acquire Alltel Corporation in a cash merger. Verizon Wireless is a joint venture of Verizon Communications


Alltel Achieves Record Customer Growth for the Fourth Quarter, Full Year [Press Release]
Business Wire | 256 days 8 hours ago
Alltel achieved record customer growth in the fourth quarter and for the full year, with the company adding more than 1 million gross customers for the first time in a quarter. Alltel also achieved records in total net customer additions and post-pay net adds in the fourth quarter, boosted by improvements in customer churn for the eighth consecutive quarter.


CIGNA Corporation and Ronald A. Katz Technology Licensing, L.P. Settle Patent Lawsuit and Enter into License Agreement [Press Release]
Business Wire | 20 days 9 hours 44 minutes ago
CIGNA Corporation, one of the largest investor owned health and related benefits organizations in the United States (NYSE: CI) headquartered in Philadelphia, PA and Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation between the parties. In addition to the release of claims asserted against it, CIGNA will receive a nonexclusive license under a patent portfolio owned by Katz relating to interactive voice applications.


Ronald A. Katz Technology Licensing, L.P. and Whirlpool Corporation Settle Patent Lawsuit and Enter into License Agreement [Press Release]
Business Wire | 20 days 9 hours 37 minutes ago
Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, and Whirlpool Corporation, the world's leading manufacturer and marketer of major home appliances, headquartered in Benton Harbor, MI, announced today the settlement of patent litigation between the parties. As part of the settlement, Whirlpool Corporation has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.


Ronald A. Katz Technology Licensing, L.P. and Costco Wholesale Corporation Enter into License Agreement [Press Release]
Business Wire | 20 days 9 hours 43 minutes ago
Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation with Costco Wholesale Corporation, based in Issaquah, Washington. As part of the settlement, Costco has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.


Ronald A. Katz Technology Licensing, L.P. and CVS Caremark Corporation Settle Patent Lawsuit and Enter into License Agreement [Press Release]
Business Wire | 20 days 9 hours 42 minutes ago
Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation with CVS Caremark Corporation, the largest provider of prescriptions in the nation. As part of the settlement, CVS Caremark has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.


Alltel Adds One Million Gross Wireless Customers in the First Quarter [Press Release]
Business Wire | 200 days 10 hours 50 minutes ago
Alltel achieved record customer growth in the first quarter, adding more than 1 million gross customers for the second consecutive quarter. Net customer additions also hit a new high with a 63 percent increase year-over-year.


Ronald A. Katz Technology Licensing, L.P. Settles Patent Lawsuit and Enters into License Agreement with a Number of Retailers and Insurance Companies Including Rite Aid [Press Release]
Business Wire | 20 days 9 hours 39 minutes ago
Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation with a number of retailers and insurance companies including Rite Aid Corporation (NYSE: RAD). As part of the settlement, Rite Aid agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.


UnitedHealth Group and Ronald A. Katz Technology Licensing, L.P. Settle Patent Lawsuit and Enter into License Agreement [Press Release]
Business Wire | 20 days 9 hours 38 minutes ago
Ronald A. Katz Technology Licensing, L.P. announced today the settlement of patent litigation between UnitedHealth Group (NYSE: UNH) and Katz. As part of the settlement, UnitedHealth Group has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.


Ten Companies in the Retail, Insurance and Manufacturing Industries Purchase Licenses under the Katz Portfolio of Patents Which Cover Customer Service Operations [Press Release]
Business Wire | 20 days 9 hours 51 minutes ago
It was announced today that ten of the nation’s retail, insurance and manufacturing companies have purchased licenses under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through A2D, L.P.


XSell Announces New Advisor for Telecommunications Practice [Press Release]
Business Wire | 20 days 7 hours 51 minutes ago
XSell® LLC, a leading provider of on-demand cross-sell, loyalty and retention technology solutions, announced today the appointment of Diane Smith as special advisor and consultant to XSell’s Telecommunications practice.


Public Service Enterprise Group and Ronald A. Katz Technology Licensing, L.P. Settle Patent Lawsuit and Enter into License Agreement [Press Release]
Business Wire | 14 days 9 hours 51 minutes ago
Public Service Enterprise Group (PSEG), a diversified energy company with 2.1 million electric and 1.7 million natural gas customers located throughout New Jersey (NYSE:PEG), headquartered in Newark, N.J., and Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation between the parties. As part of the settlement, PSEG has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents th...





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Company Overview


Company: Alltel Corporation
Industry: Wireless Network Operators
Website: http://www.alltel.com

All together, Alltel is a leading US wireless telecommunications network operator. The company provides wireless voice and data services to nearly 13 million customers over a network which spans 35 states. Data services include messaging, wireless Internet access, and such entertainment features as streaming music (made possible through a partnership with SIRIUS XM). Alltel also sells wireless handsets, provides network services to other carriers on a wholesale basis, and offers a range of business support services and third-party mobile software aimed at corporate customers. The company is controlled by a group of investors led by TPG Capital and GS Capital Partners.


Key Numbers

Sales in U.S. Dollars (mil.) 8,803.1 (2007)
One-year % Growth in Sales 11.7 (2007)
Net Income in U.S. Dollars (mil.) 183.2 (2007)
One-year % Growth in Net Income -83.8 (2007)
Number of Employees 16,104 (2007)
One-year % Growth in Number of Employees 8.1 (2007)
Fiscal Year-End December