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 Verizon/Alltel deal could complete this year (USA)

  • June 11th, 2008
  • 2:06 pm

Verizon Wireless says its planned acquisition of Alltel Corp has been on the cards for years and that the buy will not be a ‘game changer’ for Verizon. Referring to how Sprint’s fortunes have dipped after its acquisition of Nextel in 2005, Verizon Communications president and chief operating officer Dennis Strigl says Alltel represents a good fit for Verizon Wireless, Dow Jones reports. Strigl is hoping the purchase can be closed by the end of this year, pointing to the quick completion of AT&T’s recent buyout of Dobson as an example of how a large deal can be pushed through in a matter of months rather than years. The combined Verizon Wireless and Alltel would leapfrog AT&T to become the nation’s largest cellular carrier, with a total of more than 80.3 million customers at the end of March, ahead of AT&T which had 71.4 million at the same date.

   

 

 

 

 


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