AT&T to acquire Atlantic Tele-Network, Inc for $780 million
September 23, 2013
US-based operator, AT&T is going to acquire Massachusetts-based service provider, Atlantic Tele-Network, Inc (ATN) for $780 million.
Currently, ATN offers telecom services under the brand name ‘Alltel’ covering regions such as Georgia, Idaho, Illinois, Ohio, North Carolina and South Carolina. The operator has a subscriber base of 590,000.
Currently, the handset manufacturer is looking for a buyer as it is steadily losing market share to leading smartphone manufacturers such as Samsung and Apple.
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