Can you say “Whoa?” Can you also say “Goodnight Sprint?” Check it out: Verizon is purchasing Alltel. They're dishing out $5.9 billion in cash and taking on another $22.2 billion in debt for a grand total of 28.1 billion dollars. This will make Verizon a bigger juggernaut than they already were and is all syngergistic and stuff:
...So much for my pipe dream of Alltel buying out Sprint, eh? Alltel has been rumored to have been fishing for a buyout from Verizon for a long time. Is this good or bad for Alltel's customers? They'll surely get better roaming, but Alltel has a reputation of offering quality, personal service to its customers? Will a giant like Verizon be able to do the same?
More details as Forbes, looks like the deal isn't a firm go yet and heaven only knows whether or not the FTC will allow it.
Thanks to Phil for the tip!
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