RSS feedalltel
’Vodafone must wait for Verizon bonus
Vodafone will receive no dividend from its stake in Verizon Wireless until 2012 at the earliest after the US wireless carrier’s $28bn acquisition of rival Alltel but the deal will “significantly increase” the investment’s value,
LBO risk transfer
Verizon in talks to buy Alltel mobile network – FT
The above chart is rebased. In real terms, Alltel CDS tightened an incredible 389bps yesterday.
Verizon in talks to buy Alltel
Verizon Communications, the second-largest US telecoms group, is in talks to acquire Alltel, the fifth-largest US mobile network operator, for $27bn in cash and paper, reports the FT. The talks come just six months after Alltel was bought for $27.5bn by TPG Capital and Goldman Sachs Capital Partners.
Weekend catch-up: Alltel, France Telecom, TMG
Alltel sells $1bn in high-yield debt
Alltel managed to sell $1bn in high-yield debt needed to help fund its private equity LBO in a last-minute deal Friday. TPG and Goldman Sachs Capital Partners acquired the wireless operator in a $27bn deal,
Cerberus abandons $7bn deal as Alltel founders
Cerberus Capital Management has pulled out of its $7bn deal to buy United Rentals, making the planned private equity takeover of the world’s largest equipment lender the latest casualty of the credit squeeze.
Alltel under fire over $27.5bn deal
The decision by Alltel to agree to a $27.5bn bid from TPG and the private equity arm of Goldman Sachs has come under fire from potential rival bidders amid complaints the auction of the fifth-largest US mobile phone carrier was cut short.
TPG, Goldman in deal to acquire Alltel
TPG and the private-equity arm of Goldman Sachs on Sunday night agreed to purchase US wireless operator Alltel for about $27.5bn, the Wall Street Journal reported on its website, citing people familiar with the matter.