TITLE

Verizon Wireless to Acquire Alltel

AUTHOR(S)
Medford, Cassimir
PUB. DATE
June 2008
SOURCE
Red Herring;6/5/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition by Verizon Wireless of Alltel, the fifth largest mobile carrier in the U.S. According to Shahid Khan of IBB Consulting Group, the banks and private equity firms and Alltel itself are looking to get rid of debt and they realize they are not going to make money from this thing. The acquisition will give Verizon Wireless 13 million more customers in 57 rural markets.
ACCESSION #
36826847

 

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