Alltel announces contract extension related to sale of Austrian business
March 01 2006 - 9:33AM
Business Wire
Alltel (NYSE:AT) today announced that its subsidiary, Western
Wireless International Austria Corp., and T-Mobile Austria GmbH
have agreed to extend their agreement related to the EUR 1.3
billion cash sale of tele.ring, Alltel's Austrian business, to
T-Mobile. The new termination date of the purchase agreement has
been extended to May 15, 2006. The closing of the transaction is
subject to review by the European Commission and is expected to
occur by mid-year 2006. Alltel is owner and operator of the
nation's largest wireless network and has more than 10 million
wireless customers. Alltel claims the protection of the safe-harbor
for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
subject to uncertainties that could cause actual future events and
results to differ materially from those expressed in the
forward-looking statements. These forward-looking statements are
based on estimates, projections, beliefs, and assumptions and are
not guarantees of future events and results. Actual future events
and results may differ materially from those expressed in these
forward-looking statements as a result of a number of important
factors. Representative examples of these factors include (without
limitation) adverse changes in economic conditions in the markets
served by Alltel; the extent, timing, and overall effects of
competition in the communications business; material changes in the
communications industry generally that could adversely affect
vendor relationships with equipment and network suppliers and
customer relationships with wholesale customers; changes in
communications technology; the risks associated with pending
acquisitions and dispositions, including the pending acquisition of
Midwest Wireless and the pending dispositions of the Austrian,
Bolivian and Haitian operations and the wireline business; the
risks associated with the integration of acquired businesses,
including the integration of Western Wireless; the uncertainties
related to any discussions or negotiations regarding the sale of
any remaining international assets; adverse changes in the terms
and conditions of the wireless roaming agreements of Alltel; the
potential for adverse changes in the ratings given to Alltel's debt
securities by nationally accredited ratings organizations; the
availability and cost of financing in the corporate credit and debt
markets necessary to consummate the disposition of the wireline
business; the uncertainties related to Alltel's strategic
investments; the effects of litigation; and the effects of federal
and state legislation, rules, and regulations governing the
communications industry. In addition to these factors, actual
future performance, outcomes, and results may differ materially
because of more general factors including (without limitation)
general industry and market conditions and growth rates, economic
conditions, and governmental and public policy changes. Alltel,
NYSE: AT www.alltel.com
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