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TDS, U.S. Cellular to Sell Wireless Assets to Alltel

Posted on: Monday, 9 August 2004, 06:00 CDT

TDS, U.S. Cellular to sell wireless assets to Alltel

From Associated Press, Bloomberg News and New York Times reports

Thursday, August 5, 2004

Alltel Corp., which sells wireless and local telephone service in 26 U.S

. states, has agreed to buy wireless assets from U.S. Cellular Corp. and TDS Telecom for $140 million. The purchase includes the cell towers and access to customers in Florida, Georgia, Mississippi, North Carolina, Ohio and in Eau Claire, Wis. and is expected to close in the fourth quarter.

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