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Atlantic Tele-Network will sell Alltel to AT&T.
Atlantic Tele-Network said its earnings jumped 15 percent in the final quarter of last year. The Beverly-based company, which provides wireless and wireline telecommunications services, earned $47 million in the fourth quarter. That’s $6.3 million more than the same quarter in 2011. In January, the company said that it had reached an agreement to sell its US retail wireless business operating under the Alltel name to AT&T for about $780 million.
