Verizon and Alltel to join in holy matrimony January 9th
Posted in: breaking news, BreakingNews, merger, Today's Chili, verizon, Verizon Wireless, VerizonWireless, vzw
Following a good half year of courtship while the regulatory miscellany ran its course, Verizon’s finally ready to take the plunge and call this $5.9 billion deal done. The combined juggernaut will amass a staggering 78 million subscribers, putting it roughly 3 million ahead of its closest rival, AT&T, though it’ll do so at the cost of assuming some $22.9 billion in Alltel debt. Ultimately, the merger means some positions at Alltel headquarters in Little Rock, Arkansas will get axed — but hey, AT&T Mobility HQ’s just a stone’s throw away in Atlanta, so Verizon’s headcount loss could ultimately be AT&T’s gain.
[Via Phone Scoop]
Filed under: Cellphones
Verizon and Alltel to join in holy matrimony January 9th originally appeared on Engadget on Sun, 04 Jan 2009 22:49:00 EST. Please see our terms for use of feeds.
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