05 Jun 08 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 #1 position over AT&T who have around 71.4 subscribers.
Alltel serves 34 states, including 57 mostly rural markets.
Let’s hope the some of the cost savings produced by this merger, are passed onto customers, but I’m not about to hold my breath on that one.
It could prove of benifit to Alltel customers in terms of allowing them access to Verizon’s OPen Development initiative. This allows third party devices and services to use the Verizon network, and is rather at the opposite end of the scale when compared to the way that AT&T tried to tie down the iPhone to only it’s own network, and then not want to allow other thrid party services access to it.
Tags: 1 billion, alltel, debts, million subscribers, verizon
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As of 1 Q 08, Suncom is all Tmobile’s. I am looking forward to Tmobile improving Suncom’s crappy network.
As of 1 Q 08, Suncom is all Tmobile’s. I am looking forward to Tmobile improving Suncom’s crappy network.
The Verizon & Alltel deal is supposed to be done by year end. Thing is, I’ve found AllTel’s network to be the best I’ve ever used, in terms of lack of dead spots and reliability. I hope the Verizon deal doesn’t do away with that. Also I’ve heard that Verizon’s customer service sucks big time. I hope that’s not true.
The Verizon & Alltel deal is supposed to be done by year end. Thing is, I’ve found AllTel’s network to be the best I’ve ever used, in terms of lack of dead spots and reliability. I hope the Verizon deal doesn’t do away with that. Also I’ve heard that Verizon’s customer service sucks big time. I hope that’s not true.
so we’re verizon now? ekkk.. so what do we do now? maybe get upgrade>?? LOL
so we’re verizon now? ekkk.. so what do we do now? maybe get upgrade>?? LOL
Upgrade? I don’t think so!
I’m out of contract in a couple of months, and you are next year.
We can get better deals on eBay than with the phone companies who make you sign up another two year contract.
Upgrade? I don’t think so!
I’m out of contract in a couple of months, and you are next year.
We can get better deals on eBay than with the phone companies who make you sign up another two year contract.