Verizon Wireless Sells 800,000 Subs, More, to ATN

Atlantic Tele-Network Inc. (ATNI) will fork out $200 million for assets Verizon Wireless (VZ) must sell to complete the Alltel Corp. purchase.

ATN is based in Salem, Mass. It’s getting wireless spectrum licenses, network assets and more than 800,000 subscribers in several, mostly rural, states.

The FCC and Justice Department must approve the deal before it can close later this year.

Verizon agreed to divest 105 markets when it bought Alltel for $28.1 billion. Verizon now has just a few markets left to sell.

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