Alltel Privatisation Finalized

By James Quintana Pearce Nov. 20, 2007, 11:08am Comments Off

Alltel (NYSE: AT) has completed its privatization with a $24.7 billion buyout by private equity firms TPG Capital and GS Capital Partners. AP notes that there is some concern over the debt of $23 billion created for the buyout, which may hinder Alltel’s plans to bid in the upcoming spectrum auction. The company won FCC approval for the buyout at the end of October.