Verizon Communications now has most subscribers in US market
Verizon Communications has become the largest mobile service provider in the US market in terms of number of subscribers.
The company took the first spot after acquiring Alltel. With this they have now overtaken AT&T.
Verizon is now serving close to 86.5 million. They gained 14.5 million wireless [...]
Verizon Wireless completes acquisition of Alltel
US based telecom giant Verizon Wireless has announced that they have now completed the acquisition of rival company Alltel.
With this, they have become the top wireless carrier in the country when it comes to number of subscribers.
The combined company has more than 83.7 million total customers.
Verizon added that [...]
Verizon Wireless to complete Alltel acquisition this month
US based mobile service provider Verizon Wireless has announced that they are aiming to complete the acquisition of Alltel this month.
This deal would make Verizon the largest wireless operator in the US market.
The combined entity would have about 78 million subscribers.
Verizon had initially aimed to complete the [...]
Verizon Wireless to sell assets as part of deal to acquire Alltel
The US Department of Justice has given its approval to Verizon in their quest to acquire Alltel.
Verizon would however be required to sell assets if they are going to acquire Alltel.
The merger of two companies would practically create the largest mobile company in the [...]
MetroPCS Communications to allow devices from other networks
MetroPCS Communications has announced that they would allow customers to use mobile devices they use on other networks.
The company would reprogram the phones for use on their own network.
With this MetroPCS has become the largest US based telecom operator to allow third party devices.
This new offer would allow [...]
Alltel to be acquired by Verizon Wireless
Alltel has confirmed that they are being acquired by telecom giant Verizon Wireless.
The deal is worth USD 5.9 dollars in addition to the debts. The debts alone are going to cost Verizon close to around $22.2 billion.
So the net value of the acquisition comes to around $28.1 billion.
Verizon added [...]
Verizon Communications rumored to be interested in Alltel
CNBC has reported in a news item that US based telecom giant Verizon Communications is interested in acquiring Alltel.
Alltel specializes in providing telecom services in rural regions in the US market.
The report said that Verizon would be paying close to around eight times the Alltel’s EBITDA.
Neither of the [...]
Alltel to offer free mobile shopping service to Blackberry users
Mobile service provider Alltel has announced that they are now providing a free mobile shopping service on BlackBerry smartphones.
Blackberry customers on their network would now be able to shop directly from their mobile devices. They get access to stores like Barnes & Noble, Best Buy, and [...]
Federal Communications Commission approves Alltel acquisition
The Federal Communications Commission has now confirmed that they have now approved the buyout of Alltel Corp.
The deal is worth around $27.5 billion and it is being acquired by Atlantis Holdings LLC.
Atlantis Holdings LLC consists of TPG Capital and GS Capital Partners.
Alltel is the United States’ fifth-largest wireless carrier [...]
