Telecom & Wireless
VZ: Verizon-Alltel Buyout Rumors Long on Hype, Short on Details
Published:
By William Trent, CFA of Stock Market Beat
Here’s the rumor. Verizon to Become Largest National Carrier by Swallowing Alltel (Mobile Magazine):
The CDMA landscape in the United States may be set for a pretty significant change as Verizon Wireless is very interested in buying Alltel, effectively making it the largest national cellular phone carrier based on number of subscribers. If the merger goes through and is approved, the Verizon-Alltel conglomerate would “tower over Cingular by about 10 million” customers.
Here are the facts:
Do these add up to a deal? They shouldn’t, but they certainly might.
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