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- Alltel Corporation completed the spin-off of its wireline business and merger with Valor Communications in July 2006, forming Windstream Corporation. - Alltel agreed to divest certain wireless operations in Minnesota and from the Western Wireless acquisition to comply with regulatory approvals. - For the third quarter of 2007, Alltel reported service revenues of $2.07 billion, operating income of $433.9 million, and net income of $282.6 million.





