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Verizon sues former Alltel exec over trade secrets

By Phil Goldstein
Fierce Wireless

Verizon Wireless filed a lawsuit against a former Alltel executive who has since joined Allied Wireless, a new company that will run some of the former properties and assets Verizon divested as part of its $28.1 billion purchase of Alltel.

Atlantic-Tele Network, which agreed to pay Verizon $200 million to acquire the divested wireless spectrum licenses and network assets, recently formed Allied as a subsidiary company. ATN said Allied would be headquartered in Little Rock, Ark. (where Alltel's headquarters were located), and would hire formerAlltel workers who had been laid off after Verizon's purchase.

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