 |
User: Login |
Weblog covering digital business
Digital Business, Live From New York. |
| Address URL | http://www.alleyinsider.com/ Registered: 22-Mar-2008 |
| Ads: | |
 Send to email | Verizon Close To $27 Billion Deal For Alltel in VZ |  By Silicon
el 04-Jun-2008 |
alltel-map.jpg: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
 Verizon (VZ), the No. 2 U.S. telco, is close to a $27 billion deal for Alltel, CNBC's David Faber reports. If true, this makes plenty of sense:
- A deal for Alltel, the No. 5 U.S. wireless carrier, would make Verizon the biggest carrier with 80 million wireless subscribers, ahead of AT&T's 71 million. Scale is important in the wireless business, both for cost savings and leverage.
- If the $27 billion total is accurate, it's a good deal. TPG and Goldman Sachs Capital Partners spent $27.5 billion take it private last year.
- Verizon and Alltel both operate CDMA networks, which means their phones and towers are interchangeable.
- Verizon would save money it spends on roaming charges when its subscribers are on Alltel's network, which covers huge parts of the U.S.
More to come as details emerge...
See Also:
Verizon Wireless CEO: 'Open' Access Won't Cost More
Verizon Wireless CEO, FCC Chair: Be Patient! We're Improving Telecom As Fast As We Can
Verizon Snubs Google For Rival Mobile Linux Group
Read 4 times
|
|
 |
| Verizon wants to buy Alltel, create incestuous major carrier |  What would you do with $27 billion? If your name is Verizon Wireless, it seems the answer is acquire rival Alltel. According to CNBC Verizon is “deep in talks” to acquire Alltel. The price currently being batted around is $27 billion, which is about equal to the GDP of Latvia. Alltel was recently purchased for [...] [..] Read complete article | | Published 04-Jun-2008 by Joshua Karp in AlltelNetworksVerizoncnbcverizon wireless
Read 3 times. More hits in   |
|
| Verizon Wireless?s acquisition of Alltel is approved by the DOJ |  Thanks to a deal that has been quite a while in the making, AT&T is now on the verge is getting booted from its position as the nations largest wireless carrier. The Department of Justice approved on Thursday the $28 billion purchase of Alltel by Verizon Wireless. It comes at a price though, as Verizon will [...] [..] Read complete article | | Published 31-Oct-2008 by Kelly Hodgkins in AlltelNewsVerizonacquisitionDOJverizon wireless
Read 1 times. More hits in |
|
| FCC approves Verizon-Alltel merger | | In a 5-0 vote, the FCC approved the $28 billion purchase of Alltel by Verizon Wireless. The approval requires Verizon Wireless to end operations in five other small markets neighboring those already required by the Justice Department. It also requires Verizon to honor Alltel’s existing roaming agreements with small wireless carriers for four years. With [...] [..] Read complete article | | Published 04-Nov-2008 by Kelly Hodgkins in AlltelNewsVerizonacquisitionapprovalDOJFCCverizon wireless
Read 1 times. More hits in |
|
 | Nerdblog |  Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Alltel offers up a free month of Navigation and XM Radio Mobile |  Alltel is gearing up for the holidays with yet another special offer that’s definitely worth checking out if you fall within the Alltel coverage area. The US carrier currently in the process of being swallowed by Verizon has just announced a nice little holiday promotion for everyone who purchases a new handset. From now through [...] [..] Read complete article | | Published 17-Nov-2008 by Zach Epstein in AlltelServicesSoftwarefreemobileNavigationpromotionsRadioxm
Read 0 times. More hits in |
|
|
Warning We are not responsible of information posted from external feeds. Use this website at your own risk.
Notice: We will not be liable for any direct or indirect loss or damage arising under this disclaimer or in connection with our website, whether arising in tort, contract, or otherwise.
|
|
| |
Hello, Guest
Online: 67 visitors
+ fotos
That was quick: Verizon Wireless' deal for No. 5 wireless carrier Alltel, first reported yesterday, was announced as a done deal this morning:
Under the [..] 
After its $28 billion deal to buy Alltel, Verizon (VZ) is done shopping for a while, at least in terms of "horizontal" deals to add more breadth to the company's coverage areas, COO De [..] 
Hewlett-Packard (HPQ) is close to a $12-13 billion deal to buy Electronic Data Systems (EDS), the Wall Street Journal reports. An announc [..] 
Former foes Google (GOOG) and Verizon (VZ) are close to linking up in a wide-reaching search deal that would make Google the default engine on Verizon Wi [..] 
