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US Cellular, Alltel Team To Sell Prepaid Service At Walmart

DOW JONES NEWSWIRES U.S. Cellular Corp. (USM) has teamed with Alltel Wireless to sell "U Prepaid" no-contract wireless service in nearly 500 Wal-Mart Stores Inc. (WMT) locations starting next month. Cellphone-service provider U.S. Cellular has been steadily losing postpaid subscribers amid fierce competition in a wireless industry nearly saturated with cellphones. Alltel Wireless is a unit of Atlantic Tele-Network Inc.'s (ATNI) Allied Wireless Communications Corp. The U Prepaid service will run on either U.S. Cellular's high-speed national network or Alltel's coast-to-coast network. Customers will be able to choose from multiple data options and plans that include unlimited talk and texting and can pick from four devices: the Android-powered Samsung Repp, the LG Attune/LG Exchange, LG Saber and the Samsung Chrono. "Teaming with Alltel to gain distribution in Walmart gives us another opportunity to be where our customers want to shop and to offer more customers a prepaid service that helps them control their monthly budgets," said Carter S. Elenz, U.S. Cellular's executive vice president of sales and customer service. Last month, Standard & Poor's Ratings Services lowered its ratings outlook for Telephone & Data Systems Inc. (TDS) and its U.S. Cellular unit to negative from stable, citing increased competitive pressure at the U.S. Cellular unit. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Atlantic Tele-network (ATNI)
DateTimeHeadline
09/23/201616:45:22Statement of Changes in Beneficial Ownership (4)
09/19/201617:16:05Amended Current Report Filing (8-k/a)
09/19/201609:12:16ATN Board Renews Share Repurchase Authority and Increases Quarterly...
08/29/201613:06:34Statement of Changes in Beneficial Ownership (4)
08/22/201612:18:41Statement of Changes in Beneficial Ownership (4)
08/18/201617:09:32ATN to Speak at Drexel Hamilton Telecom, Media & Technology Conference
08/10/201615:58:23Statement of Changes in Beneficial Ownership (4)
08/09/201616:14:27Quarterly Report (10-q)
08/04/201615:46:04Statement of Changes in Beneficial Ownership (4)
07/28/201606:03:51Current Report Filing (8-k)
07/27/201617:21:03ATN Reports Second Quarter and Six Month 2016 Results
07/19/201617:29:56Amended Current Report Filing (8-k/a)
07/15/201610:57:25ATN Sets Date To Report Second Quarter 2016 Results
07/13/201616:03:00Statement of Changes in Beneficial Ownership (4)
07/08/201617:42:01Statement of Changes in Beneficial Ownership (4)
07/06/201615:21:22Statement of Changes in Beneficial Ownership (4)
07/01/201616:36:54Current Report Filing (8-k)
07/01/201615:30:00ATN Closes Acquisition of Innovative Group of Companies
06/27/201610:36:56Current Report Filing (8-k)
06/23/201616:57:53Statement of Changes in Beneficial Ownership (4)

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