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 30, 2000
ALLTEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-4996 34-0868285
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation or
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)
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Item 2. Acquisition or Disposition of Assets
In its Current Report on Form 8-K dated January 31, 2000, ALLTEL
Corporation ('ALLTEL' or the 'Company') reported that ALLTEL, Bell
Atlantic Corporation ('Bell Atlantic'), GTE Corporation ('GTE') and
Vodafone Airtouch signed agreements to exchange wireless properties in 13
states. Upon the closing of the transactions, Bell Atlantic or GTE will
transfer to ALLTEL interests in 27 wireless markets in Alabama, Arizona,
Florida, Ohio, New Mexico, Texas and South Carolina, representing about
14 million POPs and more than 1.5 million wireless customers. ALLTEL
will transfer to Bell Atlantic or GTE interests in 42 wireless markets in
Illinois, Indiana, Iowa, Nevada, New York, and Pennsylvania, representing
6.3 million POPs and more than 700,000 customers. ALLTEL will also
transfer certain of its minority investments in unconsolidated wireless
properties, representing approximately 2.6 million POPs. In addition to
the transfer of wireless assets, ALLTEL will also pay approximately $600
million in cash.
In its Current Report on Form 8-K dated April 3, 2000, the Company
reported that it had completed the exchange of wireless properties with
Bell Atlantic in Nevada, Iowa, Arizona, New Mexico and Texas. In this
initial transaction, ALLTEL acquired operations in Phoenix, Tucson,
Coconino, Flagstaff and Gila, Arizona; Albuquerque, New Mexico and El
Paso, Texas and divested operations in Las Vegas, Lander and Mineral,
Nevada; and Cedar Rapids, Iowa City, Waterloo, Cedar Falls, Dubuque and
Jackson, Iowa.
On June 30, 2000, ALLTEL announced that it had completed the remaining
wireless property exchanges with Bell Atlantic and GTE. As a result,
ALLTEL acquired operations in Cleveland, Canton and Akron, Ohio; Tampa,
Lakeland, Naples, Fort Myers, Pensacola, Sarasota and Bradenton, Florida
and Mobile, Alabama, while divesting operations in Illinois, New York
and Pennsylvania.
A copy of the press release issued by ALLTEL regarding the completion
of the wireless property exchanges with Bell Atlantic and GTE is attached
hereto as Exhibit 99.1 and is incorporated by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not Applicable.
(b) The pro forma financial information required pursuant to Article 11 of
Regulation S-X is not attached to this Form 8-K and will be filed by
amendment not later than 60 days after the date this Form 8-K is required
to be filed.
(c) Exhibits.
99.1 Press Release of ALLTEL Corporation dated June 30, 2000.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
ALLTEL CORPORATION
(Registrant)
By: /s/ Jeffery R. Gardner
Jeffery R. Gardner
Senior Vice President - Chief Financial Officer
(Principal Financial Officer)
July 13, 2000
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EXHIBIT INDEX
Exhibit
Number Description of Exhibits
99.1 Press Release of ALLTEL Corporation dated June 30, 2000
4
