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 stories older than 15 days. Purchase Now Already have archive access? Login to view this article.