FILE - In this Oct. 19, 2009 file photo, the AT&T logo is on display at a RadioShack store in Gloucester, Mass. AT&T Inc. will start selling home automation and security services nationwide, taking on incumbents led by Tyco International Ltd.’s ADT. The installations and services will be sold in AT&T stores, starting with a trial this summer in Dallas and Atlanta. (AP Photo/Lisa Poole, File)
The Dallas company is buying the licenses, retail stores and network assets, along with about 585,000 subscribers, from Beverly, Mass.-based Atlantic Tele-Network Inc.
Alltel's network covers about 4.6 million people in mainly rural areas across six states — Georgia, Idaho, Illinois, North Carolina, Ohio and South Carolina.
Federal regulators are expected to review the deal, the companies said Tuesday. The companies predict that it will close in the second half of the year.
AT&T says it doesn't expect integration costs related to the acquisition to significantly affect its earnings or cash flow.
AT&T shares are down 25 cents to $33.19 in premarket trading Tuesday.
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