Alltel/Verizon Aquisition Moving Ahead According to Verizon

Posted by Kallan Dahn Monday, October 6, 2008

Verizon is still sticking to their guns when it comes to their aquisition of Alltel. The transaction which Verizon expects to close by the end of 2008 is valued at $28.1 Billion. Analysts are still sceptical about the claims that the merger will be approved. The worsening economy may be a factor, according to Fitch Ratings who believes if the federal goverment puts too stringent of requirements on Verizon to divest to many of their assets Verizon may back out.

{Reuters}









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