Link copied to clipboard
Verizon buys Alltel wireless for $28B
Verizon shares rose sharply on news it's buying Alltel for about the same price its private-equity owners paid to take the wireless provider private last year. Verizon-Alltel, with 80 million customers, will be larger than AT&T and a stronger competitor vs Comcast and other home-media utilities.
That makes Verizon the No. 1 U.S. wireless company, with 80 million customers, outgunning AT&T, and also flanking Comcast and other telecom competitors in the war to sign up phone-video-Internet-data users. Bloomberg story
» READ MORE: here
.