Wall Street Journal, May 21, 2007
By Dennis K. Berman and Amol Sharma

TPG Capital LLP and the private-equity arm of Goldman Sachs Group Inc. last night agreed to purchase wireless operator Alltel Corp. for about $27.5 billion, in the largest foray yet of private-equity money into the wireless business.

The deal could signal still more ambitious gambits by buyout shops, which have shown increasing interest in telecom and wireless assets.

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