AT&T is bidding to acquire some ofVerizon Wireless’s USD3bn assets, joining a trio of private equity firms in the acquisition race. Providence Equity Partners is also bidding for the assets, while Carlyle Group and Kohlberg Kravis & Roberts & Co are submitting a joint bid.
Verizon Wireless agreed to sell some of its wireless assets as part of its merger with Alltel Wireless. The assets include 2.1m wireless subscribers in 22 states, as well as wireless spectrum space. Trade and consumer groups are expressing concerns over the bid, as Verizon’s biggest rival, AT&T, could charge high roaming fees after taking control of the assets.
StrategyEye's related categories: Mobile Operators, ISPs - Wireless - Mobile, Finance - Private Equity
StrategyEye's related companies: Verizon Wireless, Carlyle Group, Alltel Wireless, AT&T, Kohlberg Kravis Roberts & Co
