Alltel is in play | Arkansas Blog

Wednesday, May 9, 2007

Alltel is in play

Posted By on Wed, May 9, 2007 at 8:40 AM

The long rumors are now official, according to the Wall Street Journal today.

At least three groups of private-equity buyers have formed to pursue a potential purchase of wireless carrier Alltel.

It should go without saying that how this plays out has profound implications for Little Rock.

Roby Brock at Talk Business summarizes:

The WSJ says that possible buyout firms “according to people familiar with the matter” include:

 

Blackstone Group and Providence Equity Partners;
TPG Capital LLC, formerly Texas Pacific Group, and the private-equity arm of Goldman Sachs Group; and
Carlyle Group and Kohlberg Kravis Roberts & Co.

 

Still other groups may be formed, says the Journal. The report also suggests that major national carrier Verizon has been put off by the high price of a deal, valued at $22 billion to $28 billion.

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