Verizon Wireless to Acquire Alltel

Medford, Cassimir
June 2008
Red Herring;6/5/2008, p3
Trade Publication
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.


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