feed

Verizon buying Alltel in $28 billion deal

Verizon Wireless agreed Thursday to buy Alltel Corp. in a $28.1 billion deal that would create the nation's largest cellular carrier, catapulting it ahead of rival AT&T Inc. Alltel, with service mainly in the South and Midwest, has more than 13 million customers in 34 states, including Texas. The carrier also serves 57 mainly rural markets that Verizon does not. Adding Alltel's customers would return Verizon Wireless to the top spot, with more than 80 million subscribers. AT&T, based in San Antonio, has 71.4 million.



Source : Click here to see all source

Amazon Products