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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 [...]

Could this be the end of Alltel is we know it? Alltel is near to working out a deal to sell the business to Verizon Wireless for $27 billion.
This would make the combined business the largest US carrier, with over 80 million subscribers. It would mean Verizon adding coverage in the Midwest and the South.
The [...]