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If Alltel has been planning to be sold for quite some time, why private equity firms rather than one of the other carriers that were rumored suitors?

April 26, 2017alltel carriers equity firms planning private quite rumored sold time

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If Alltel has been planning to be sold for quite some time, why private equity firms rather than one of the other carriers that were rumored suitors?

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“I don’t think Verizon was interested at this time — the rural markets aren’t strategic for them and Sprint has its own issues struggling still with the Nextel acquisition and planning its future,” says Phil Redman, an analyst at Gartner. “It was obvious that Alltel was looking for an out and this seems to be the current fashion.