Verizon Wireless want to buy Alltel for $28.1 billion

Verizon Wireless want to buy Alltel for $28.1 billion

Verizon Wireless is to acquire Alltel Corp. in a cash merger, the company announced in a press release today. The talks between the two wireless carriers that were announced yesterday by Reuters, CNBC and other news agencies seem to have gone smoothly.

Verizon will buy Alltel for $5.9 billion cash, as well as assume their $22.2 billion long-term debt so the total value of the deal is $28.1 billion.The current owners of Alltel, private equity firms TPG Capital and GS Capital Partners bought the corporation for about $28.4 billion on November 16 last year.
Alltel primarily specializes in rural markets which Verizon Wireless doesn’t serve; after the merger, the company plans to upgrade those networks with 4th generation long term evolution, technology over the course of several years.

· Nokia want return from services In 2010

· About Alltel LG AX300

· Verizon Replaces Employee Laptops With BlackBerrys

· About Alltel Samsung MyShot

· Verizon BlackBerry 8830 With OS 4.5