Monday, May 21, 2007

Alltel has $27.5 billion reasons to smile

I take a 5 day blogging hiatus and look what happens in the wireless world - go Alltel.

Although I'm hardly providing breaking news, Andrew Farrell's article is worth repeating here:

Goldman Sachs and TPG apparently nab wireless-provider Alltel in a $27.5 billion takeover.
Wow, that's pricey.

Maybe that's what high cash flow, low debt, and a history of strong performance will get you these days.

So, what do you think that means for the other rural providers?

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