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Verizon Wireless To Buy Alltel For $28B

Posted by timothy on from the all-your-base-stations-that-is dept.

CWmike writes "Matt Hamblen reports that Verizon Wireless has officially announced an agreement to purchase Alltel for $28.1 billion, which would make the new company the largest wireless carrier in the U.S., with 80 million subscribers. The deal will undoubtedly provoke scrutiny by the Federal Communications Commission and the Department of Justice, they acknowledge. Who loses? 'This [deal] is another nail in the coffin for Sprint," said Michael Voellinger, an analyst at Telwares in Parsippany, N.J. 'Alltel is a highly valuable and strategic roaming partner to the top four providers, and this acquisition would put long-term pressure on pricing and terms of those arrangements.'"

3 of 207 comments (clear)

  1. Obligatory by Skeet112 · · Score: 5, Funny

    1. Nails
    2. Hammer
    3. Coffin
    4. Profit!!!

    1. Re:Obligatory by mapsjanhere · · Score: 5, Funny

      Yes, I'm one of the Alltel customers, I found out when I got a call from an unknown number, asking me
      "Can you here me now?"

      --
      I'm aging rapidly, I bought a new game and had no idea if my machine was good for it.
  2. Thank goodness by Jor-Al · · Score: 4, Funny

    Does that mean now that the horrible Alltel commercials will finally end?