LITTLE ROCK, Ark.—Alltel Corp. completed the spinoff and merger of its wireline business, and now is officially a pure wireless player in the telecom industry.
Alltel announced in December that it would spin off its landline business and merge it with Texas-based Valor Corp. The new company, Windstream Corp., is headquartered in Arkansas and serves more than 3 million customers in 16 states, focusing on rural markets.
“Alltel is well-positioned to take advantage of the strong existing relationships we have built with our customers while our financial strength allows us to continue investing in the appropriate technologies for the future,” said Scott Ford, Alltel’s president and chief executive officer. “Our company is now structured to focus all our energies on delivering advanced wireless voice and data services, backed by our commitment to superior customer service.”
