The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 


ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld


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Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market


Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today’s Transactions:
Telecom Deals Abound as AT&T Acquires Alltel Operations

The $780M purchase of Alltel gives the target's customers access to a 4G network and broadens AT&T's reach in rural areas

Wireless company AT&T Inc. (NYSE: T) agreed to pay about $780 million to expand its reach across rural areas, the latest sign of telecom giants' jockeying for available spectrum as a means to expand existing networks.

The Dallas-based telecom giant is set to purchase the retail wireless operations of Atlantic Tele-Network Inc. (Nasdaq: ATNI). The business is operated under the Alltel name by Atlantic’s subsidiary, Allied Wireless Communications Corp. The deal will give Alltel customers access to a 4G network.

Allied, based in Little Rock, Ark., serves about 585,000 customers. The deal is subject to regulatory approval from the U.S. Department of Justice and the Federal Communications Commission.

Beverly, Mass.-based Atlantic provides telecommunications services to under-served markets in the U.S., Bermuda and Canada.

This is the first major deal from AT&T since the company's acquiring NextWave Wireless Inc. (OTCQB: WAVE) in August 2012, for $600 million.

Stephens Inc. is Atlantic’s financial adviser, while Cleary Gottlieb Steen & Hamilton LLP and Jenner & Block are legal counsel.

AT&T isn't the only telecom making noise in the sector. Sprint Nextel Corp. (NYSE: S) is currently attempting to acquire the half of Clearwire Corp. (Nasdaq: CLWR) it doesn’t already own. The move trails several attempts to broaden its reach, including the company's buying PCS spectrum and customers in U.S. Cellular (NYSE: USM) for $480 million in cash last November.


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