Arkansas News Bureau has been revealed that Alltel Corp tried to buy Sprint Nextel prior to being swallowed up in turn by Verizon Wireless a couple of weeks ago. Speaking to the local Arkansas News Bureau, Alltel’s CEO Scott Ford said that the company made three approaches towards Sprint Nextel, and even tried to buy T-Mobile or AT&T Wireless. He blamed the credit crunch for the collapse of some of the talks. Verizon Wireless recently agreed to acquire Alltel for $28.1 billion in stock and debt. The agreement comes just seven months after Alltel was sold to TPG Capital and a unit of Goldman Sachs Group in a $27.5 billion leveraged buyout. Scott Ford - who earned over US$140 million in 2007 from taking the company private - said that he and Gov. Mike Beebe are working on setting up new business opportunities in Little Rock, where Alltel is headquartered to deal with expected redundancies following Verizon’s purchase of the company.
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