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Alltel sells for $27.5 billion

by at May 21, 2007 11:39 pm

Sections: Business News, Cellular Providers, Communications, Mobile

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Alltel LogoThe Wall Street Journal is reporting that Alltel has been sold for $27.5 billion. However its not one of the other large cell phone companies that made this purchase, TPG Capital LLP and the private-equity arm of Goldman Sachs Group Inc. made the purchase making this the largest private-equity sale for a wireless company.

Read [WSJ] Via [I4U News]

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