After a brief engagement, Verizon and Alltel have set a date to finalize the $5.9 billion purchase; January 9, 2009. Seventy-Eight Million subscribers will be the guests at the blessed event putting Verizon about 3 million customers ahead of AT&T, thier closest rival. The deal doesn't come without baggage though, Verizon will assume Alltel's $22.9 billion in debt. Verizon reports that they have recieved commitments from eight financial institutions to provide $17 billion in financing for the deal making this a very expensive ceremony.
Heavy price to pay for bragging rights... Hopefully though this means Verizons push to leave CDMA will be more complete for the country. It would be nice for everyone to be on the same page as far as towers and coverage go.
Get the best of Windows Central in in your inbox, every day!
Thank you for signing up to Windows Central. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.