TITLE

FCC Approves Verizon Wireless-Alltel

AUTHOR(S)
Medford, Cassimir
PUB. DATE
November 2008
SOURCE
Red Herring;11/5/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the approval of Verizon Wireless' $28 billion purchase of rival carrier Alltel by the U.S. Federal Communications Commission (FCC). Alltel gives Verizon Wireless, which gained large swaths of valuable 700 MHz spectrum at a recent auction, added flexibility as the wireless market awaits the emergence of LTE, a promising new wireless broadband technology. The FCC approved the deal on the condition that the two companies divest spectrum licenses and other related assets in five markets.
ACCESSION #
36586112

 

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