ALLTEL CORP
8-K, 1998-06-23
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C. 20549

                                    FORM 8-K
                                 CURRENT REPORT
          PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
                                  ACT OF 1934


        Date of Report (Date of earliest event reported): June 23, 1998


                              ALLTEL CORPORATION 
             (Exact name of registrant as specified in its charter)



     Delaware                           1-4996                   34-0868285
(State or other jurisdiction  (Commission File Number)        (I.R.S. Employer
 of incorporation or                                        Identification No.)
 organization)
                              


One Allied Drive, Little Rock, Arkansas                       72202 
(Address of principal executive offices)                    (Zip Code)


Registrant's telephone number, including area code  (501)905-8000 



                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)

<PAGE>

Item 5. Other Events

     On June 23, 1998, ALLTEL Corporation ("ALLTEL") issued a Press Release
announcing that shareholders of ALLTEL and 360 Communications Company ("360")
have approved the merger of the two companies. In addition, ALLTEL also
announced that the Federal Communications Commission has approved the
transaction. A copy of the Press Release is attached hereto as Exhibit 99.1 and
made a part hereof.


Item 7. Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(c) Exhibits.

    Exhibit 99.1 Press Release, dated June 23, 1998 of ALLTEL Corporation

                                       2

<PAGE>

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.



ALLTEL CORPORATION 
(Registrant)


By:/S/Jerry M. Green
      Jerry M. Green
      Treasurer

June 23, 1998

                                       3
<PAGE>

                                 EXHIBIT INDEX

Exhibit
Number                     Description of Exhibits   

99.1        Press Release of ALLTEL Corporation, dated June 23, 1998.

                                       4



For more information contact:               For more information contact:

ALLTEL                                      360 Communications Company

Shawne S. Leach (501) 905-8991              Linda Wait (773) 399-2284
Vice President-Investor Relations           Director-Investor Relations

George S. Smith (501) 905-8117              Margaret Kirch Cohen (773) 399-2385
Vice President-Media Services               Director-Corporate Communications

Release date:                   June 23, 1998


                    SHAREHOLDERS APPROVE ALLTEL-360 MERGER

FOR IMMEDIATE RELEASE
     ALLTEL and 360 Communications Company announced today that, at special
meetings held June 23 in Little Rock, Ark., and in Chicago, shareholders of
both companies approved the merger of the two companies. The Federal 
Communications Commission approved the transaction June 22.
     The companies expect to complete the merger effective July 1.
     The combined company is one of the largest independent wireless
carriers in the country and has a dominant presence in the Southeast United
States. It will utilize an integrated network and operational infrastructure to
deliver a full set of communication services to its 5.6 million communications
customers in 22 states.
     360 Communications, which had revenues of $1.3 billion in 1997, provides
wireless voice and data services to 2.6 million customers in more than 100 
markets throughout 15 states. The company also offers residential long distance
and paging services.
     ALLTEL is a customer-focused, information technology company that provides
wireline and wireless communications and information services.

ALLTEL, NYSE: AT
www.alltel.com

360, NYSE: X0
www.360.com

                                     -END -



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