AAPL Stock: 117.81 ( -0.22 )

Printed from

Verizon/Alltel deal clears FTC, outgrows AT&T

updated 03:00 pm EST, Wed December 10, 2008

Verizon Alltel Clears FTC

The US Federal Trade Commission today approved Verizon's buyout of Alltel and put the resulting company at the top of the US cellular market. The ratification follows earlier clearance by the FCC and Justice Department and finds no antitrust concerns over monopoly status following earlier conditions that required Verizon trade off a small portion of its cellular network to smaller carriers. Verizon hasn't said when it expects to formally roll Alltel into its lineup.

Worth $5.9 billion plus an assumption of about $22.2 billion of Alltel's debt, the expansion gives Verizon about 13.7 million new customers as of this fall and lifts the combined total to about 84.5 million cellphone users, giving the company a significant lead over previous top-ranking carrier AT&T's 74.9 million. The shift gives CDMA phone networks a temporary lead over GSM in the US before the switch to 4G puts most American carriers on the same network standard and potentially heightens competition.

Verizon's expansion has been characterized by the company as mutually beneficial, giving both existing Verizon and Alltel users larger overall coverage areas and reducing the expenses of roaming outside of a caller's home zone. Critics have objected to the buyout as a return to the near-monopoly state of the early 1980s, which necessitated the breakup of then-dominant AT&T.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented