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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. Re:Consumers? by fluffman86 · · Score: 0, Troll

    Don't kid yourself: Alltel already locks down their phones.

  2. Re:Obligatory by The+End+Of+Days · · Score: 0, Troll

    Thank you for shattering the myth that a low UID automatically means insight, knowledge, and intelligence.

  3. Re:Obligatory by SeaFox · · Score: 0, Troll

    Would not surpirse me if iphone were now exclusively for Verizon.

    Then you must be a moron, since the exclusivity agreement between Apple and AT&T was for five years , to say nothing of the fact the iPhone is a GSM phone. It would have to be redesigned to work on Verizon/Alltel/Sprint.