FCC allows Verizon to buy Alltel – the new largest US mobile carrier is almost here
One of the main conditions for Verizon to complete the Alltel acquisition is, obviously, the approval of the Federal Communications Commission.
Or, better say, this was a condition, because today the FCC said “yes” to Alltel’s buyout by North America’s second largest mobile carrier.
The FCC has imposed some conditions to Verizon though. For example, the big V must honor all of Alltel’s existing roaming agreements for the next four years.
Anyway, since the Justice Department has also approved the acquisition, Verizon & Alltel will soon become one and form the largest US mobile operator, surpassing AT&T in terms of user base with around 10 million customers.
Verizon has to pay a total of $28.1 billion for Alltel – $5.9 billion in cash and $22.2 billion in assuming debt.
Source: AP / Yahoo Tech via Engadget
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