Summary:

Alltel (NYSE: AT) has completed its privatization with a $24.7 billion buyout by private equity firms TPG Capital and GS Capital Partners. A…

Alltel (NYSE: AT) has completed its privatization with a $24.7 billion buyout by private equity firms TPG Capital and GS Capital Partners. AP notes that there is some concern over the debt of $23 billion created for the buyout, which may hinder Alltel’s plans to bid in the upcoming spectrum auction. The company won FCC approval for the buyout at the end of October.

By James Quintana Pearce

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