News From Yellow Business Pages » Wired: Top Stories » Verizon Wireless to buy Alltel for $5.9 Billion

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Wired: Top Stories

• 

  Verizon Wireless to buy Alltel for $5.9 Billion

  Posted: June 5th, 2008, 10:09am EDT by Associated Press

  Tags:    [edit]

  Verizon agrees to buy Alltel for $5.9 billion, creating the largest cellular carrier in the U.S. With the assumption of Alltel's debt, the total cost is $28.1 billion. The new wireless behemoth would have more than 71 million subscribers; Alltel's 13.2 million subscribers are mainly in rural areas away from the coast.