Verizon (Takes A Shot At) Acquiring Alltel

Despite the shitty economy, Verizon is still pushing ahead with it’s deal to purchase the nation’s fifth-largest wireless telecom provider, Alltel Corp. Verizon is still meeting with the Justice department in an attempt to keep everything kosher, especially considering the size of the deal. You can bet it won’t give up though: if the deal goes through, Verizon will regain the title of “largest wireless provider” in the country. Right now the deal is still stalled but anything could happen in such turbulent times.

Oh and the cost for Alltel? A sweet 28.1 billion dollars.


About Mohit

Leave a Reply

Your email address will not be published. Required fields are marked *