Goldman Sachs’ private equity arm and the Texas Pacific Group (TPG) are to acquire the US-based wireless carrier Alltel Corporation for $27.5 billion in cash.

Goldman Sachs’ private equity arm and the Texas Pacific Group G (TPG) are to acquire the US-based wireless carrier Alltel Corporation for $27.5 billion in cash. The successful offer by TPG and Goldman places a 10 per cent premium on Alltel’s value. This will be among the largest private equity deals in the wireless sector. Alltel has not only been registering a healthy financial growth but also has a 12 million-strong subscriber base.