Alltel Records 1Q Loss of $124.9 Million on Merger Expenses by Arkansas Business Staff Posted 5/15/2008 08:52 am Updated 6 years ago Alltel Corp. posted a first-quarter net loss of $124.9 million, compared with a profit of $230.1 million a year ago. Want the Full Article? Get Unlimited Archive Access for $19.95 per Year Readers must pay to access articles older than 15 days. Articles newer than 15 days are not included in this offer. Purchase Now Already have archive access? Login to view this article.