Printed from http://www.electronista.com

FCC approves Verizon-Alltel buyout

updated 10:15 pm EST, Tue November 4, 2008

FCC approves Verizon deal

The FCC on Tuesday approved the Verizon-Alltel buyout, turning Verizon into the largest US wireless carrier with about 83.8 million subscribers, toppling AT&T's 74.8 million subscriber base. MobileCrunch reports that the $28.1 billion deal involves a buyout of $5.9 billion, accompanied with $22.2 billion in assumed debt. Details of the purchase state that Verizon must maintain a four-year roaming agreement with Alltel's existing partner carriers, a time period suggested by Verizon that doubled the FCC's requirement of two years.

While Verizon gets to benefit from the recognition of being the largest carrier, Alltel draws most of its benefits from connecting its approximate 13 million subscribers to a network of 70.8 million people. Exclusive handsets will be shared between the two companies, with Alltel customers gaining access to Verizon's Open Development program.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. testudo

    Forum Regular

    Joined: Aug 2001

    +1

    Yes!

    Now we can expect better support and performance! Buyouts and consolidation always makes things better for all involved!

  1. Robb

    Fresh-Faced Recruit

    Joined: Feb 2000

    0

    So long Chad...

    You had so much more to teach us.

  1. Guest

    Fresh-Faced Recruit

    Joined: Nov 1999

    0

    employee

    It's only better if you are not an ALLtel employee thats facing a loss of job.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Tablo DVR

With over-the-top content options growing past Hulu and Netflix, consumers may be finding it harder to justify paying a monthly fee fo ...

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Sponsor

toggle

Most Commented

 
toggle

Popular News