Alltel has completed the purchase of certain wireless assets from Cingular Wireless. The deal was originally announced in November 2004.

Alltel snapped up former AT&T Wireless properties -- including licenses, network assets and subscribers -- in Oklahoma City and Grant, Okla.; Sherman, Denison and Jack, Texas; Owensboro and Fulton, Ky.; Litchfield, Conn.; and Yaolbusha, Miss. As part of the deal, which included an Alltel cash payment of $165 million, Alltel also picked up 20 MHz of spectrum and AT&T Wireless network assets in Wichita, Kan., as well as spectrum in several Georgia and Texas counties.

Cingular did not walk away from the deal empty-handed. The carrier made a swap to acquire some interests in Wichita; Kansas City, Mo.; Milwaukee; and Texas. As part of the swap, Alltel will build up its presence in Michigan, northern Louisiana and Toledo, Ohio.

The asset purchase was first announced last November, which came about as part of requirements the government stipulated for Cingular Wireless to close its merger with AT&T Wireless. Specifically, when the FCC approved the Cingular buy at the end of October, the commission mandated that the companies must divest spectrum or operating units in 22 local markets.