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The Boston Globe

Business

Atlantic Tele-Network to sell retail wireless business to AT&T for $780m

Atlantic Tele-Network Inc., a Beverly company that provides telecommunications services to various rural and under-served markets, said Tuesday that it has agreed to sell a domestic retail wireless businesses in its portfolio to AT&T for about $780 million.

That retail business operates under the name of Alltel and serves customers in Georgia, North Carolina, South Carolina, Illinois, Ohio, and Idaho. AT&T will purchase Alltel’s operations in an all-cash transaction, Atlantic Tele-Network said in a press release.

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