
The rumor du jour is that Alltel, the largest rural mobile operator in the U.S., is up for sale. But at least two experts are split over whether the company widely mentioned as the likely buyer, Verizon Wireless, is the most logical suitor.
Rumors about a Verizon-Alltel marriage are nothing new. Two years ago, Wall Street was buzzing that the two might hook up. The rumor mill got churning again last week when Alltel executives said during the company’s fourth-quarter conference call they were exploring several strategic “options.” Analysts and investors on Wall Street have taken this to mean that the board of directors is looking to sell the company.