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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