AT&T Makes Play for Rival Alltel - kcentv.com - KCEN HD - Waco, Temple, and Killeen

(KCEN) -- Phone giant AT&T made a power play for rival Alltel.

On Tuesday the company announced it's buying Alltel's U.S. wireless operations for &780 million.

The agreement includes the acquisition of Alltel's wireless properties, such as licenses, network assets, retail stores and almost 600,000 subscribers.

If approved by federal regulators, AT&T will pick up assets and subscribers left-over in a Verizon-Alltel deal four years ago.

No word yet on how the sale would impact current AT&T and Alltel customers.