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 Send to email | Verizon wants to buy Alltel, create incestuous major carrier in AlltelNetworksVerizoncnbcverizon wireless |  By Joshua Karp
el 04-Jun-2008 |
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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 $27.5 billion by private investment firms TPG and Goldman Sachs, and two sales in under 12 months is not a great sign. That said, given the current economic downward spiral it’s not the worst bidding price Alltel could have commanded. While there’s no word on exactly when this transaction might be finalized, we all know what “deep in talks” means, right?
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| 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
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| 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
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| 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
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| 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
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| Alltel announces Wi-Fi partnership with Boingo |  If you’re an Verizon Alltel customer with a longing for free Wi-Fi, your life just got a bit easier. The carrier has announced a partnership with Wireless Internet provider Alltel to bring Boingo Hotspot access to wireless customers. For $69.98/month Alltel customers can experience all-they-can-eat data on their wireless handsets in addition to unlimited Boingo Hotspot [...] [..] Read complete article | | Published 26-Jun-2008 by Joshua Karp in AlltelVerizonWi-FiboingoEV-DOWiFi
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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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 [..] 
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. [..] 
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 [..] 
Alltel, the fifth-largest U.S. wireless carrier, says it will use LTE technology for its next-generation wireless network, not rival WiMax technology. This leaves Sprint Nextel (S) as the [..] 
