Alltel reports record wireless revenues
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Updated: April 17, 2007
Alltel reported earnings per share of 58 cents for the fourth quarter and $2.93 for the year.
In 2006, Alltel became a pure wireless company as it completed the spin-off and merger of its wireline business to form Windstream Corp.
The company`s board of directors declared dividends of more than $500 million and approved $3 billion in share repurchases. By the end of 2006, Alltel had repurchased 28.5 million shares of common stock, representing more than 50 percent of the $3 billion authorization and almost 7.5 percent of total shares outstanding.
(Copyright 2006 Newsroom Solutions, LLC)
