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Verizon Buys Alltel

Verizon has entered into an agreement to buy Alltel for some $5.9 billion, and along with Alltel’s debts of around $22.2 billion this makes the price a total of $28.1 billion.
Alltel currently has 13 million customers; Verizon 67.2 miliion. The buy out gives Verizon a total of about 80 million subscribers, and puts them into [...]