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Verizon on track to become nation's largest wireless carrier

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Mobile | by Stephen Schenck | Fri Oct 31, 2008 2:43PM | 0 comments

The FCC will vote next week on Verizon's proposed acquisition of Alltel, a move that would make the company the largest wireless provider in the US, with around 78 million subscribers. The Department of Justice has outlined rules for the merger that aim to reduce the monopolistic aspect of the acquisition by requiring Verizon to sell some of its assets. The company agreed to offload certain holdings in 22 states to competitors, though the move will still be a huge boon to Verizon, bringing in a net growth of eight million customers. Critics of the merger are citing concerns that Verizon won't be as accommodating in roaming agreements with other providers as Alltel was.

This story around the web:

Trusted sources:
external link Department of Justice approves Verizon Alltel… [MobileBurn.com]
external link DOJ requires Verizon to sell assets in Alltel… [InfoWorld RSS Feed]
external link Verizon told to sell assets with Alltel… [Yahoo! News: Technology News]
external link Verizon Wireless And Alltel Merger Approved [Ubergizmo]

Get more information on topics relating to this story:


Related company news:
Verizon Wireless, Alltel Wireless
Related glossary terms:
FCC

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