October 23, 2016 9:03 PM ET

Wireless Telecommunication Services

Company Overview of Alltel Corporation

Company Overview

Alltel Corporation provides wireless communication services to individual and business customers. It offers wireless voice and data communication; postpaid and prepaid wireless calling card; roaming and long-distance calling; and data solutions. The company provides text and video messaging digital gaming, radio streaming, Internet access, and emailing services. Additionally, it offers mobile handsets and accessories. The company provides business intelligence, field service automation, security, and systems management services. It caters to transportation, retail, insurance, healthcare, construction, and financial services industries. The company was formerly known as Mid-Continent Telephon...

One Allied Drive

Little Rock, AR 72202

United States

Founded in 1960

85,600 Employees





Key Executives for Alltel Corporation

Principal Accounting Officer and Controller
Age: 57
Age: 58
Compensation as of Fiscal Year 2016.

Alltel Corporation Key Developments

Peter Rosenow Files a Class Action Complaint Against Alltel Corp. and Alltel Communications Inc

Peter Rosenow filed a class action complaint against Alltel Corp. and Alltel Communications Inc. (collectively, Alltel), alleging Alltel imposed an early termination fee on Rosenow and other cellular phone customers in violation of the Arkansas Deceptive Trade Practices Act. Alltel moved to compel arbitration. The trial court denied the motion, holding that the arbitration agreement lacked mutuality. Under Arkansas law, mutuality requires that the terms of an agreement impose liability upon both parties. The arbitration agreement at issue provided in part that if Alltel did not enforce any right or remedy available under the agreement, that failure was not a waiver. The supreme court agreed with the trial court's determination that the arbitration agreement imposed no real liability upon Alltel. Alltel and customers were bound by the arbitration agreement but Alltel clearly reserved their right to pursue remedies other than arbitration without consequence. The reservation was limited solely to Alltel. Rosenow and other customers had to submit any disputes to arbitration. In determining whether parties agreed to arbitrate a certain matter, courts should apply ordinary state law principles that govern the formation of contracts. The supreme court noted that if it did not consider mutuality, the court would be impermissibly placing arbitration provisions on unequal footing with other contract provisions. The supreme court concluded that the arbitration agreement treated Alltel and customers differently. The disparate treatment resulted in a lack of mutuality. Accordingly, Rosenow was not obligated to arbitrate his dispute.

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Recent Private Companies Transactions

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