Slashdot Mirror
Verizon Wireless To Buy Alltel For $28B
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.'"
What even defines a monopoly anymore?
Shouldn't there be some cap on the ratio of providence of a service or product to demand or something?
Obviously 80 million wireless subscribers is approaching a significant portion of the US population. And let's do the numbers on AT&T.
double-u tea eff question mark exclamation point.
Read my Very Short "Stories"
Now maybe we can stop torturing ourselves with Alltel's lame-ass "Wizard" commercials. They're sucking my will to live! Oh the humanity!