Wednesday, December 10, 2008

Verizon-Alltel Deal Complete

The proposal has been made; the vows have been recited; and the Federal Trade Commission says, “I now pronounce you one company; you may kiss your acquisition.” On the heels of approval by the Federal Communications Commission and Justice Department, and now the FTC, the Verizon-Alltel deal is done. The $5.9 billion acquisition was finalized much quicker than we first speculated, but not without stipulations. Verizon will divest more than 100 markets around the country in order to meet the FCC’s requirements.

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