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Verizon Alltel Merger

June 04th 2008 Posted in Verizon, Rumors, Alltel

Verizon Alltel Merger

Verizon Alltel

Looks like Verizon is talking with Alltel in a possible buyout of the company. Alltel is America’s 5th largest carrier, so this would really give Verizon a boost in terms of subscriber numbers. The deal is said to cost Verizon around $27 billion - not exactly chump change.

The Verizon Alltel Merger was of course denied by both parties, but that doesn’t mean they aren’t discussing it behind closed doors. Alltel, has been doing very well lately making this an irresistable offer for bigger cell phone companies. More details coming soon.

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