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Verizon Wireless to buy Alltel; The deal would affect the southern one-third of Minnesota, where Alltel is a significant cellular carrier.

Publication: Star Tribune (Minneapolis, MN)
Publication Date: 06-JUN-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Verizon Wireless to buy Alltel; The deal would affect the southern one-third of Minnesota, where Alltel is a significant cellular carrier.(BUSINESS)

Article Excerpt
STAFF AND WIRE REPORTS

Verizon Wireless agreed Thursday to buy Alltel Corp. in a $28.1 billion deal that would make Verizon by far the largest cellular carrier in the United States.

The value of the deal includes $5.9 million in cash and $22.2 billion in assumed debt that would be taken on by Verizon, the companies said.

The deal...

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